GTL Infrastructure

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GTL Infrastructure
Company typepublic company
BSE:  532775
NSE:  GTLINFRA
Founded2004 [1]
Headquarters Navi Mumbai, India
Products Network Services Provider
Number of employees
1075 [2]
Website GTL Infrastructure Limited

GTL Infrastructure Limited (GTL Infra) is an Indian independent telecom tower company, with business interests in shared passive telecom infrastructure. [3]

Contents

Headquartered in Navi Mumbai, Maharashtra, India, GTL Infra has about 28,000 towers located across 22 telecom circles in India, which enables telecom service providers to offer 2G, 3G and 4G services across the country. [4] It was incorporated in 2004 by Manoj G. Tirodkar, who serves as the chairman. [5] [6] [6]

History

In the late 1990s, the telecom sector was in India was liberalised which led to a boom in the industry. In 2006, GTL Infra became the first company in the shared telecom space to be listed on stock exchanges (BSE & NSE). The next year, the company came out with a rights issue of US$83.86 million. In 2010, the GTL Infra acquired 17,500 towers and 21,000 tenants from Aircel. [7] [8]

The telecom industry took a serious hit in 2010, when the government cancelled 122 telecom licences owing to the 2G license case. [9] GTL Infra too suffered with the cancellation of licences as its customers reduced because of issues faced by Aircel and Maxis and subsequent cancellation of ROFR by Aircel. In the subsequent years, GTL Infra undertook debt restructuring efforts.

Listing

The company's equity shares are listed on the National Stock Exchange of India Limited (NSE) and the BSE Limited. The Foreign Currency Convertible Bonds are listed on Singapore Exchange Securities Trading Limited. [10]

Services

GTL Infra owns urban and rural telecom towers located in all the 22 telecom circles in India, which are shared by all telecom operators in the country. GTL Infra also offers real-time monitoring from its NOC (Network Operations Centre) and operations and maintenance services. [11]

Awards & Recognition

References

  1. ↑ GTL Infra founded in 2004
  2. ↑ 14th Annual Report 2016-17 with AGM Notice
  3. ↑ "India's independent telecom Tower Company" (PDF). GTLinfra.com. Archived from the original on 19 Jun 2017. Retrieved 17 November 2017.
  4. ↑ "About GTL Infrastructure". Economictimes Indiatimes. Retrieved 28 November 2017.
  5. ↑ "GTL Infrastructure Ltd". Economictimes Indiatimes. Retrieved 17 November 2017.
  6. 1 2 "Home :: About us :: Management Profile". GTLinfra.com. Archived from the original on 6 Jun 2017. Retrieved 14 November 2017.
  7. ↑ "GTL Infra-Chennai Network combined debt falls to Rs. 4,193 cr". The Hindu Business Line. Retrieved 14 November 2017.
  8. ↑ "acquisition of Aircel's 17,500 towers" (PDF). GTLinfra.com. Archived from the original on 20 Jun 2017. Retrieved 14 November 2017.
  9. ↑ "Supreme court cancels 122 telecom licences". Business Standard. 11 February 2013. Retrieved 17 November 2017.
  10. ↑ "21 cos may default on FCCB commitments: S&P". The Hindu Business Line. 21 June 2012. Retrieved 14 November 2017.
  11. ↑ "Reliance Jio and GTL Infra sign Tower Infrastructure Sharing Deal". indiainfoline.com. 20 September 2016. Retrieved 3 November 2012.
  12. ↑ "GTL Infra received the Best Infrastructure Brands award from Economic Times in 2016" (PDF). GTLinfra.com. Archived from the original on 19 Jun 2017. Retrieved 14 November 2017.
  13. ↑ "GTL Infrastructure voted as the Best Independent Infrastructure Provider". Global Endless Possibilities. Retrieved 20 November 2017.
  14. ↑ "Scomi Group bags Greentech eco excellence award". Construction Week Online. 26 October 2009. Retrieved 20 November 2017.
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