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GTL Infra signs Tower Infrastructure Sharing Deal with Reliance Jio

jio gtlGTL Infrastructure Limited, a prominent Global Group enterprise has signed a Master Services Agreement (MSA) for tower infrastructure sharing with Reliance Jio, the only pan India operator with BWA spectrum, which is all set to launch 4G services. It is one of the India’s leading Telecom Network Services Company that serves all the major telecom operators. The company has a combined tower portfolio of more than 27,800 towers spread across 22 telecom Circles in India, in collaboration with Chennai Network Infrastructure Limited (CNIL).
The pan India tower portfolio of GTL Infra Group is spread across the major regions of Metros and B & C class circles. In a short span of time the company has attained commendable success and emerged as one of the leading conglomerates.  It has expanded its areas of operations covering Asia Pacific, Americas, Europe & the Middle East and enjoys formidable presence across the globe. The Global Group has revenues in excess of US$ 800 million, Balance sheet size of over US$ 2.5 Billion (FY 2014E) and over 27,800 towers.
Talking about the project, Sanjay Mashruwala, Managing Director, Reliance Jio Infocomm Limited stated that, “Our mission is to launch a pan India next-generation voice and data services. We will build the same through a judicious combination of own build and rented infrastructure. This agreement with GTL Infra is not only a step in that direction but will also help us accelerate our roll out.”
Mr. Charudatta Naik, Group CEO, Global Group expressed his gratitude on collaborating with Reliance Jio Infocomm stating that, “We are happy to be partnering with a leading 4G player like Rjio. The launch of 4G networks and the rise in the consumption of data services is a growth driver for tower companies, and we at GTL Infra are geared up to capture the opportunity. Our portfolio will play an important role in rolling out broadband networks especially in regions like North East, and South where we hold a leadership position.”