With an aim to hedge its exposure towards GTL, ICICI bank is mulling to transfer its debt from GTL to Chennai Network, reports CNBC-TV18's Gopika Gopakumar.
Shares of telecom infrastructure company GTL Ltd plummeted Monday due to concerns over debt repayment, pledged shares and fund raising, despite the chairman's assurances it had not defaulted and that its business fundamentals remain strong.
Manoj Tirodkar, chairman and managing director of GTL, in an interview with CNBC-TV18's Udayan Mukherjee, said that raising capital for telecom companies in the form of debt/equity after the 2G scam has been difficult.