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.
At current RCom owns 95% of R-Infra, solely tower enterprise of R-Infra will likely be merged with GTL, RCom will retain its optic fibre community and associated property. Reliance Infratel has 50,000 towers and GTL now has 30,000 towers – following the merger the merged entity will can have 80,000 telecom towers, 1.25 lakh tenancies from 10 telecom operators. RCom would be the largest tenant.The opposite tenants embrace Aircel, Etisalat DB Telecom, MTS, Uninor Telecom, Videocon Cell, Tata Teleservices, Vodafone and S Tel. GTL has plan so as to add 20,000 towers extra.
GTL Infrastructure, established in 2004 and a part of International group, is the pioneer in Shared Telecom Infrastructure in India. GTL Infrastructure presents prepared to make use of passive infrastructure to wi-fi telecom operators.
GTL Infra is within the midst of rolling out a Pan India community of 23,700 towers by 2010/11, and is providing the infrastructure to the main service suppliers in India. It’s a publicly listed firm, and has emerged as the biggest unbiased tower firm in India.