GTL Infra, IFCI attain settlement on promoter stake

GTL Infrastructure, the nation’s fourth-largest telecom tower firm, has reached a settlement with its lender, IFCI, with the latter agreeing to return 7.6 per cent of the corporate’s stake to promoter Manoj Tirodkar, taking his holding from 20 per cent to 27.6 per cent. The return of stake to Tirodkar will … Read more

GTL shares in free fall

Hunch 62%, the second-highest fall in a single day in over a decade for BSE-500 shares after the Satyam crash. World Telesystems Restricted (GTL) and World Telesystems Infrastructure (GTL Infra), two sister issues with massive holdings by international buyers, crashed on Monday after reviews that Mauritius could begin taxing capital positive … Read more

Rcom Hived Off Its Tower Enterprise To GTL Infra

In a bid to scale back debt and funding in GSM/CDMA community up-gradation, Reliance Communications (Rcom), India’s single largest Twin Know-how Cell Service orator hived off its cell tower enterprise to GTL Infrastructure for Rs 50000 crore ($11 billion).

After the above deal to GTL infra turns into world’s largest telecom infrastructure firm not managed by a telecom operator.

The boards of the Reliance communication and and GTL Infrastructure (GTL Infra), have permitted the transaction. The deal will likely be carried out via a demerger of Reliance Infratel’s tower property into GTL Infra.

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