GTL Infrastructure said on Monday it has completed the acquisistion of 17,500 telecom towers of Aircel for Rs.8026 crore.
GTL Infra now has around 32,500 towers making it the world's largest independent tower company.
GTL is expected to have an additional annual revenue of Rs.720 crore from the Aircel deal taking the aggregate annual revenue to Rs.1350 - 1400 crore.
GTL is in talks with RCom for merging RCom's tower arm with GTL creating an entity with 85,000 towers valued approximately at Rs.50,000 crore. GTL will pay RCom cash and offer its shares to Reliance shareholders as part of the proposed merger.
