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
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.
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