GTL Infra completes $150m Aircel tower buy

Tags
Aircel  GTL  India  Merger and acquisition  RCOM

GTL Infra completes $150m Aircel tower buy

Dylan Bushell-Embling  |   July 22, 2010
telecomasia.net
Thumbnail: 
After completing the purchase of Aircel's tower assets, GTL Infrastructure expects its revenue to grow by 7.2 billion rupees ($154.2 million) this financial year.
 
The company revealed it has now acquired the 17,500 telecom towers from Aircel, in a deal worth 80.76 billion rupees, Economic Times said. 
 
The deal had been announced in January, and the tower assets had all been transferred by July 19th. The transaction gives GTL some 32,500 towers across all of India's telecom circles.
 
GTL will also soon be acquiring some other assets from Aircel, which could lift earnings by up to 6 billion more rupees.
 
GTL added that the deal has made it the world's largest independent tower company.
 
The tower company last month announced plans to buy Reliance Communications' tower business for 500 billion rupees ($10.74 billion), in what is to become one of India's largest ever M&A deals.
 
Following this acquisition, GTL will have over 80,000 towers and over 125,000 tenancies from at least 10 telecom operators.
 
MORE ARTICLES ON AIRCEL, GTL, INDIA, M&A, RCOM
Source: 
telecomasia.net
Dylan Bushell-Embling

Similar

Related Articles

Tell Us What You Think

Add comment

The content of this field is kept private and will not be shown publicly.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Allowed HTML tags: <a> <em> <strong> <cite> <code> <ul> <ol> <li> <dl> <dt> <dd> <a> <p> <span> <div> <h1> <h2> <h3> <h4> <h5> <h6> <img> <img /> <map> <area> <hr> <br> <br /> <ul> <ol> <li> <dl> <dt> <dd> <table> <tr> <td> <em> <b> <u> <i> <strong> <font> <del> <ins> <sub> <sup> <quote> <blockquote> <pre> <address> <code> <cite> <embed> <object> <strike> <caption>
  • Lines and paragraphs break automatically.
  • Use <!--pagebreak--> to create page breaks.

More information about formatting options

Frontpage Title Only

DAILY NEWS

Video from Telecom Channel

 
Concession conversion needed for level playing field -- DTAC
CEO says regulatory environment developing in right direction, but still a ways to go.  
 

Voices_tabs

Top ten: western telcos still dominate

Robert Clark
But China Mobile most profitable

What is IPX? The debate continues

Joseph Waring
Telcos prepare to take on OTT players
MORE

Google's social media strategy raises questions

Eden Zoller and Neha Dharia/Ovum
Needs to meld the disjointed pieces of its social media portfolio

Cliffhanger poll fractures NBN consensus

David Kennedy/Ovum
Aust govt needs a broadband policy
MORE

The network is the platform for cloud services

Kate Gerwig
The era of cloud computing has arrived: Forrester

Evolution needed in telecom sector

Martin Creaner
Inaction could lead to obsolescence
MORE

Frontpage Title Only

TOP 10

Frontpage Title Only

FEATURES

Frontpage Title Only

WHITE PAPERS

Frontpage Title Only

RESEARCH NOTES

businessweek_industryview

Tablet emergence could spell death of laptops: AT&T

Greg Bensinger
Up to $1k devices could replace all laptop functions
MORE

Virtual aggregation can manage internet routing tables

Ivan Pepelnjak
Address shortage and IPv6 deployment sparking an explosion in routing table growth
MORE

Frontpage Title Only

TELECOM CAREER

Frontpage Content by Category

SPECIALS

The top telecom stories in 1H2010

Telecomasia.net's most popular news stories, blogs, analysis and features in the first six months of 2010