GTL Infrastructure Ltd

GTL Infrastructure Ltd Technicals

GTL Infrastructure Ltd Financials

GTL Infrastructure Ltd Shareholding Pattern

About GTL Infrastructure Ltd

GTL Infrastructure Limited was incorporated on February 4, 2004, as 'GTL Engineering & Managed Network Services Limited'. In February 2005, the name was changed to GTL Infrastructure Limited. The infrastructure division of the GTL Ltd was demerged and transferred to the company with effect from October 1, 2005. The Company is in the business of providing Telecom Towers on a shared basis to multiple wireless telecom service providers. The Company's business model is built around the ownership, operation and maintenance of passive telecom infrastructure supporting multiple technologies, with infrastructure sharing and energy management constituting its key service offerings. The Company operates 21,220 towers across 22 telecom circles as of March 31, 2026. During the year 2005-06, the company acquired Network Infrastructure assets of GTL Ltd comprising of Network Operating Centre and associated equipment and applications for a cash consideration of Rs 214.59 crore. In November 9, 2006 GTL Infrastructure Ltd was listed on BSE and NSE and became the first company in Asia Pacific to get listed in the Shared Telecom Infrastructure space. During the year 2006-07, the company signed Master Services Agreement (MSA) with two national levels and one regional level operator for a contracts period of 10-15 years. Also, they bagged 421 cell sites from the Universal Service Obligation (USO) tender, thus emerging as the No 1 player amongst third party neutral shared telecom Infrastruc ...ture companies. In November 2007, the company signed an MoU with IDFC Project Equity Company Ltd to form a special purpose vehicle that shall address the Telecom Tower Infrstructure acquisition opportunities. During the year 2009-10, Tower Worldwide Ltd ceased to the subsidiary of the company. In January 2010, the company entered into a definite agreement to puchase the telecom tower business of Aircel Ltd and their subsidiaries through a special purpose vehicle (SPV), Chennai Network Infrastructure Ltd in an all cash deal valued at an enterprices value of Rs 8,400 crore. Company acquired 17,500 towers and 21,000 tenancies from Aircel in June, 2010. Chennai Network Infrastructure Limited (CNIL), promoted by Global Group, became subsidiary of the Company during FY 2010-11. Chennai Network Infrastructure Limited (CNIL) ceased to be a subsidiary of the Company with effect from December 20, 2012. The Company entered into a tower infrastructure sharing deal with Reliance Jio in 2014. During FY 2016-17, Chennai Network Infrastructure Limited (CNIL) was merged with Company through the Scheme of Arrangement, which became operational from December 22, 2017. Pursuant to the Scheme, Shareholders of CNIL received for each equity share held by them with one equity share of face value of Rs 10 each in the Company. Accordingly, the Company allotted 7,588,819,117 equity shares of Rs 10 each to shareholders of CNIL. The Company lost substantial number of tenancies in the last few years, due to various events which were beyond management control, such as shut down/exit of 14 telecom customers including Aircel Group, Reliance Communications, Shyam Sistema and Tata Tele, Business combination of Vodafone - Idea and Telenor - Airtel, etc. These developments resulted in abandonment of towers by the customers and consequent reduction in the revenue and earnings in 2024. In 2024-2025, India's telecommunications sector saw transformative growth, driven by 5G expansion, Fixed Wireless Access adoption, infrastructure upgrades, and progressive regulatory reforms, with rising data usage and ARPU reflecting its resilience and maturity. India's telecom subscriber base reached 1,200.80 million total subscribers by March 2025, growing 0.91% from December 2024. The active wireless subscriber base neared 1.08 billion in May 2025. As of March 31, 2025; 22,262 tenants occupied GTL INFRA's active towers, marginally up from 22,018 the prior year. India's total telecom subscriber base reached 1,330.58 Mn as of March 2026. The wireless subscriber base stood at 1,265.73 Mn, while wireless (mobile + FWA) subscriptions stood at 1,282.33 Mn. Total internet subscribers reached 1,092.79 Mn, including 1,065.88 Mn broadband subscribers. The wireless subscriber base increased 1.73% quarter-onquarter in March 2026, reflecting continued demand for mobile connectivity. As of February, 2026, more than 5.23 lakh 5G Base Transceiver Stations (BTSs) had been installed across the country and 5G services were available in 99.9% of districts. Wireless ARPU have reached 196.04 per month in the quarter ended March 2026, up 0.76% sequentially and 7.15% year-on-year. Average monthly usage also increased to 1,017 minutes per subscriber.

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