GTL, the Mumbai-based tower and telecom infrastructure company, is close to an agreement with
The government is auctioning two slots across the country of 2.3 MHz of spectrum each, with a reserve price of Rs 1,750 crore for a pan-India network. With telcos in a bidding war, the price for this had already hit Rs 6,273 crore on the fifth day of bidding, three-and-a-half times the base price. Buoyed by the success, the government expects to earn Rs 30,000-40,000 crore from the BWA sale.
As part of the government policy on foreign direct investment, foreign telcos may invest only up to 74 per cent in telecom services. However, they have been allowed to bid without having an Indian partner. The spokespersons of both GTL and Qualcomm declined to comment on the issue. However, sources close to the deal say Qualcomm could also look for another Indian investor to join in, if it wins the bid.
The GTL deal makes immense sense for Qualcomm. It could then roll out its services faster, as well as at a lower investment cost, by leveraging the 31,000 towers GTL would have after completing its acquisition of the tower business of Aircel. GTL acquired the business this January for Rs 8,400 crore, making it the second largest independent tower company in
crackcrack
| Company Name | CMP |
|---|---|
| Vindhya Telelinks | 1376.60 |
| HFCL | 95.45 |
| Pace Digitek | 177.15 |
| Bondada Engineering | 359.85 |
| GTL Infrastructure | 1.26 |
| View more.. | |
MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.
To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.
MoneyWorks4Me ensures this through: