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GTL to merge ADA Cellworks Wireless Engineering with itself

31 Oct 2014 Evaluate

GTL has received an approval for merger of wholly owned subsidiary (WOS) of the company ‘ADA Cellworks Wireless Engineering’ with itself. The board of directors at their meeting held on October 30, 2014 has approved for the same. The above is however subject to necessary consents from regulators / court / lenders as may be required in this regard.

GTL, incorporated in 1987, is amongst the leading network services company. The company’s services are widely used by WiMax, CDMA, GSM, fixed line telecom carrier, OEMs and leading corporates across the world.

Peers
Company Name CMP
Bharti Airtel 1814.75
Vodafone Idea 12.78
Indus Towers 381.15
Tata Communications 1689.65
Railtel Corp. India 254.10
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