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GTL Infrastructure
BSE: 532775|NSE: GTLINFRA|ISIN: INE221H01019|SECTOR: Telecommunications - Equipment
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Company History - GTL Infrastructure
GTL Infrastructure, established in 2004 and part of Global group, is
 the pioneer in Shared Telecom Infrastructure in India. GTL
 Infrastructure offers ready to use passive infrastructure to wireless
 telecom operators.
 The company is in the midst of rolling out a Pan India network of
 23,700 towers by 2010/11, and is offering the infrastructure to the
 leading service providers in India. It is a publicly listed company
 (BSE: 532775 & NSE: GTL Infra), and has emerged as the largest
 independent tower company in India.
 GTL Infra is registered with the Department of Telecommunications as
 an Infrastructure Provider in Category I (IP-I). The Company builds,
 owns, operates and maintains passive network infrastructure on a
 shared basis in order to cater to the rapidly growing infrastructure
 needs of cellular telecom operators.
 2004 : Formation
 GTL Infrastructure Limited was incorporated on February 4th, 2004
 under The Companies Act, 1956 as GTL Engineering & Managed Network
 Services Limited. The name of the Company was thereafter changed to
 GTL Infrastructure Limited on February 1st, 2005.
 2006 : Listing
 On November 9th 2006, GTL Infrastructure Ltd. (GTL Infra) was listed
 on BSE and NSE at a market cap of Rs. 1397 crs, becoming the first
 company in Asia Pacific to get listed in the Shared Telecom
 Infrastructure space.
 
 2007 : Rights Issue
 In October 2007, the Company raised its Equity Share Capital from Rs.
 336.40 Crores to Rs. 672.80 Crores through the issue of 1:1 rights to
 its existing Shareholders. These rights were issued at par.
 FCCB Issue 
 The company has successfully closed on Unsecured Zero Coupon FCCB
 issue of Rs. 1,000 Cr (USD 250 mn) combined with a green shoe option
 of Rs. 200 Cr (USD 50 mn) at Yield to Maturity (Y-T-M) of 6.9%. The
 issue received extraordinary response from about 90 global investors
 with offerings worth more than Rs. 40 bn (USD 1 bn)
 Warrants Issue 
 The promoters and investors of GTL Infrastructure Limited (GTL
 Infra), have committed fresh investments to the tune of Rs. 1100
 Crores (USD 275 million) by investment into warrants.
 
 -GTL Infrastructure Ltd (GTL Infra) has signed a Memorandum of
 Understanding (MoU) with IDFC Project Equity Company Ltd. (IDFC
 Project Equity), to form a Special Purpose Vehicle (SPV) that shall
 address the Telecom Tower Infrastructure acquisition opportunities.
 
 -GTL Infrastructure Ltd Issues Rights in the Ratio of 1:1
 
 2008 : Financial Closure
 GTL Infra successfully achieved the financial closure for the rollout
 of 23,700 towers across India with a total project cost of Rs. 7,265
 Crores (USD 1.80 Bn). The project is being financed through a mix of
 debt and equity. The company has raised Rs. 2,905 Crores (USD 726 Mn)
 by way of equity offerings and quasi equity instruments like
 Preferential Warrants and Foreign Currency Convertible Bonds (FCCB).
 The company has received aggregate Debt sanctions of Rs. 4,999 Crores
 (USD 1.24 Bn) for the project, from international and domestic banks,
 and financial institutions.
 
 -GTL Infrastructure Ltd (GIL) will sign a multi-million dollar deal
 with Sweden's telecom giant Ericsson to implement the latter's
 turnkey project in Britain.
 
 -Registered Office of the Company has been shifted From Electronic
 Sadan No. 1, TTC INDL Area, MIDC, Mahape, District - Thane, Navi
 Mumbai - 400710, Maharashtra, India To Maestros House, MIDC Building
 No.2, Sector No. 2, Millennium Business Park, Mahape, Navi Mumbai
 400710, Maharashtra, India.
 
 2009
 
 - GTL Infrastructure Ltd has informed BSE that the Board of Directors
 of the Company at its meeting held on July 20, 2009, inter alia, has
 appointed the following as Additional Directors on the Board. 1. Mr.
 Vinod B Agarwala (Non Executive Independent Director)
 2. Mr. Vijay M Vij (Non Executive Independent Director).
 
 - GTL Infrastructure Ltd has informed that the Board of Directors of
 the Company at its meeting held on August 13, 2009 has appointed Mr.
 Satya Pal Talwar as an Additional Director (Non Executive Independent
 Director) on the Board.
 
 -GTL Infrastructure Limited wins the prestigious Greentech
 Environment Excellence Award 2009
 
 2010
  
 -GTL Infrastructure Limited (GTL Infra) completes purchase of 17,500
 Aircel Towers and 21,000 tenancies at an Enterprise Value of Rs.
 8,026 Crore
 
 2011
 
 -Appointment of Mr. Milind Naik as Whole-time Director and Chief
 Operating Officer of the Company.
 
 -Mr. Suresh V. Joshi has been appointed as Company Secretary of the
 Company & Compliance Officer.
 
 -Registered Office of the Company has been shifted From Maestros
 House, MIDC Building No. 2, Sector-2, Millennium Business Park,
 Mahape, Navi Mumbai 400 710 To 3rd Floor, Global Vision, Electronic
 Sadan No. II,MIDC, TTC Industrial Area, Mahape,Navi Mumbai,
 Maharashtra 400710.
Source : Dion Global Solutions Limited
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