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CCI approves merger of GTL Infra with CNIL

14 Jul 2017 Evaluate

GTL Infrastructure has received an approval from Competition Commission of India for the proposed merger with Chennai Network Infrastructure (CNIL). The merged entity will continue to operate as GTL Infra. The proposed merger will create a large neutral and independent telecom tower company with pan-India presence across 22 telecom circles having 27,759 towers with 50,845 tenants as on March 31, 2017.

The merger once completed will bring several operational and financial synergies that include the company's enhanced abilities to gamer incremental tenancies by meeting the network expansion requirements of the Telecom Operators, productivity gains and optimized cost structures through sharing of resources and available assets.

GTL Infrastructure is the pioneer in Shared Telecom Infrastructure in India. The company offers ready to use passive infrastructure to wireless telecom operators.

GTL Infrastructure Share Price

1.26 0.02 (1.61%)
17-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
Vindhya Telelinks 1376.60
HFCL 95.45
Pace Digitek 177.15
Bondada Engineering 359.85
GTL Infrastructure 1.26
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