GTL Infrastructure
GTLINFRA · > Telecom-Infrastructure · Chairman: Manoj G Tirodkar Listing date: Nov. 9, 2006 · Employees: 636 · Mumbai · http://www.gtlinfra.com

Incorporated in 2004, GTL Infrastructure is the pioneer in Shared Telecom Infrastructure in India. It offers ready to use passive infrastructure to wireless telecom operators.

The company, a part of the Global group, is registered with the Department of Telecommunications (DoT) as an Infrastructure Provider in Category I (IP-I). The company builds, owns, operates and maintains passive network infrastructure on a shared basis in order to cater to the rapidly growing infrastructure needs of cellular telecom operators.

It is in the midst of rolling out a Pan India network of 23,700 towers by 2010/11, and is offering the infrastructure to the leading service providers in India. The publicly listed company has emerged as the largest independent tower company in India.

By outsourcing their infrastructure requirements to GTL infra, operators are able to save on capex and opex. Passive infrastructure sharing will also allow operators to defer their tower-related capex investments into opex lease rental payments over an extended period of time.

Availability of ready infrastructure from GTL Infra enables the operators to reduce their time to market.

By outsourcing their infrastructure requirements to GTL Infra, operators are able to focus on their core activities of providing quality service, brand building and customer relationship.

GTL Infra serves as a single window one-stop-shop provider of infrastructure and services to telecom operators by undertaking the full range of responsibilities in building and maintaining the sites. Its expertise lies in providing robust passive infrastructure solutions to telecom service providers thus adding value to their service by optimizing cost structure and enhancing reach.

Services:

The company offers world-class passive telecom infrastructure and adds maximum value to the service providers. As the true pioneer in the field, it has deep knowledge of the operators’ needs, aspirations and dynamics of the market. It provides two kinds of solutions:

  • Passive Infrastructure Solutions
  • In-Building Solutions

Subsidiary:

The company acquired Network Infrastructure assets of GTL consisting of network operating centre and associated equipment and applications for a cash consideration of Rs 214.59 crore in 2006-07.

Milestone:

  • 2004 - GTL Infrastructure was incorporated on February 4th, 2004 under the Companies Act, 1956 as GTL Engineering and Managed Network Services. The name of the company was thereafter changed to GTL Infrastructure on February 1st, 2005.
  • 2006 - On November 9th 2006, GTL Infrastructure (GTL Infra) got listed on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) at a market cap of Rs 1,397 crore, becoming the first company in Asia Pacific to get listed in the Shared Telecom Infrastructure space.
  • 2007 - In October 2007, the company raised its equity share capital from Rs 336.40 crore to Rs 672.80 crore through the issue of 1:1 rights to its existing shareholders. These rights were issued at par.
  • FCCB Issue - The company successfully closed on Unsecured Zero Coupon FCCB issue of Rs. 1,000 crore combined with a green shoe option of Rs 200 crore at yield to maturity (Y-T-M) of 6.9%. The issue received extraordinary response from about 90 global investors with offerings worth more than Rs 4000 crore
  • Warrants Issue - The promoters and investors of GTL Infrastructure (GTL Infra), committed fresh investments to the tune of Rs 1,100 crore by investment into warrants.

Awards:

  • GTL Infrastructure wins Prestigious ‘Innovative Infrastructure Company Of the Year’ organized by CNBC TV18 and Essar Steel, as a part of the initiative ‘The Infrastructure Excellence Awards 2009’
  • Voted as the ‘Best Shared Infrastructure Provider’ in a survey conducted by the Tele.Net magazine, a leading Telecom Industry magazine in India.
  • Receives the top independent infrastructure provider of India  award from Voice and Data for the year 2007. 

Future Plan:

GTL Infrastructure which currently has 7,364 towers in 19 circles is aiming to erect 23,700 towers across India across all 22 telecom circles.