GTL Infra purchases 17,500 Aircel towers and 21,000 tenancies

GTL Infrastructure Limited (GTL Infra) has completed the purchase of telecom towers of Aircel Limited and its subsidiaries in an all cash deal. GTL Infra purchased 17,500 telecom towers; 21,000 active tenants on these towers at an enterprise value of Rs. 8,026 Crore. This transaction has made GTL Infra the world's largest neutral and independent tower company with a portfolio of around 32,500 towers across all 23 telecom circles.

This transaction has also enabled GTL Infra to achieve a sizeable tower portfolio in high Average Revenue Per User (ARPU) generating Metros and Class A cities, which would help in attracting new 2G/3G/Broadband Wireless Access (BWA) operators. Aircel has won 3G & BWA spectrum in 13 & 8 circles respectively. Since GTL Infra has a sizable tower portfolio in all these respective circles, it can cater to 3G and BWA requirements of Aircel in an effective manner.