GTL Infra Reports Q2

Revenue from operations for the quarter was 116.90 Crore as against 81.31 Crore for the corresponding quarter in the previous year

November 1, 2010

1 Min Read

MUMBAI -- GTL Infrastructure Limited (GTL Infra), the pioneer in Shared Passive Telecom Infrastructure in India, announced un-audited results of the Company for the quarter ended September 30, 2010.

  • Results for the Quarter ended September 30, 2010

  • Revenue from Operations for quarter ended September 30, 2010 was ` 116.90 Crore as against ` 81.31 Crore for the corresponding quarter in the previous year, recording a Y-o-Y growth of 44%

  • EBITDA for the current quarter was ` 66.27 Crore as against ` 44.27 Crore for the corresponding quarter in the previous year, recording a Y-o-Y growth of 50%

Operations Outlook



  • The Company is currently operational in all 23 Telecom circles

  • Post Aircel Tower acquisition, the total number of towers in the portfolio are 31,245. The consolidated revenue & EBITDA for the quarter ended September 30, 2010 was ` 257.93 Crore & ` 148.46 Crore respectively

  • The Company has all leading Telecom operators as tenants on its towers. The contracts are typically for a period of 10-15 years

  • The Company has won Government of Maharashtra’s IT award and Greentech Foundation’s Silver award for excellence in Environment Management



Merger of Aircel’s Tower Portfolio with GTL Infra

GTL Infra had acquired Aircel’s Tower portfolio through a SPV (subsidiary) – Chennai Network Infrastructure Limited (CNIL). The board of GTL Infra today approved the merger of CNIL with itself. On July 20, 2010, GTL Infra through CNIL had entered into definitive agreement with Aircel Limited to purchase its Passive Infrastructure Undertakings.

GTL Infrastructure Ltd.

Subscribe and receive the latest news from the industry.
Join 62,000+ members. Yes it's completely free.

You May Also Like