Source : ghc Press Release : Global Holding Corporation Pvt. Ltd Global Holding Corporation Pvt. Ltd Qualcomm Announces Collaboration with Global Holding Corporation and Tulip Telecom in new India LTE Venture — Venture to Facilitate Accelerated Deployment of LTE in India, Complementing 3G HSPA and EV-DO Networks — NEW DELHI AND SAN DIEGO — July 30, 2010 — Qualcomm Incorporated (NASDAQ: QCOM), the winner of Broadband Wireless Access (BWA) spectrum in four telecom circles in India, today announced Global Holding Corporation Pvt. Ltd. and Tulip Telecom Ltd. as initial shareholders for its India LTE venture. Subject to receipt of government approvals, Qualcomm will have a 74 percent stake in the venture, while Global Holding Corporation and Tulip Telecom will hold 13 percent each, as required by applicable Indian Foreign Direct Investment regulations. Qualcomm will have the benefit of the proven expertise of its initial shareholders to enable best-in-class mobile broadband for In...

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Highlights for the quarter ended June 30, 2010 • Consolidated Revenue from Global Operations was ` 616.98 Crore for the quarter ended June 30, 2010 as against ` 490.71 Crore for the corresponding quarter in the previous year, recording a Y-o-Y growth of 26%. • EBITDA for the quarter ended June 30, 2010 was ` 97.14 Crore as against ` 75.81 Crore for the corresponding quarter in the previous year, recording a Y-o-Y growth of 28%. Mumbai, July 27, 2010 GTL Limited today announced the un-audited results of the Company (including its international subsidiaries on consolidated basis) for the quarter ended June 30, 2010. GTL is India’s largest Network Services provider and has a vision to become the world’s largest Network Services provider. The gross profit for the quarter ended June 30, 2010 was ` 149.81 Crore (24.28% of revenue) as against ` 123.85 Crore (25.24% of revenue) during the corresponding quarter in the previous year. The Selling & Marketing Expenses increased to ` 16.67 Cror...

GTL Infrastructure is making waves in the telecommunication tower market for the second time in the year GTL Infrastructure is making waves in the telecommunication tower market for the second time in the year. After closing the largest acquisition in the sector globally with Aircel in January, the company is now mulling a merger with Reliance Infratel, that will be divested from Reliance Communications, which currently holds 95%. GTL Infra chairman Manoj Tirodkar told ET, the combined entity will generate Rs 6,000 crore from 85,000 towers with operating margin of up to 75% in its first year of operations, in an interview with ET. Excerpts: After the Aircel deal, what’s the need for a deal with Reliance Communications (RCOM)? It will take us five to seven years to reach this scale without RCom. But we needed to get this scale as of yesterday. The BWA (broadband wireless access) spectrum will be released in 10 days, and 3G in the next four to five months. The outcome of the bidding in t...

GTL Infrastructure Limited (GTL Infra), India’s largest independent tower company, today completed the purchase of telecom towers of Aircel Limited and its subsidiaries in an all cash deal. With this deal, GTL gets 17,500 telecom towers of Aircel. There are 21,000 active tenants on these towers. Enterprise value of the deal is Rs. 8,026 Crore. There is also a commitment (backed by Bank Guarantee) of additional 20,000 tenancies to GTL Infra over next three years from Aircel Limited and its subsidiaries. This transaction has made GTL Infra the World’s largest neutral and independent tower company with a portfolio of around 32,500 towers across all 23 telecom circles. This transaction has also enabled GTL Infra to achieve a sizeable tower portfolio in high Average Revenue Per User (ARPU) generating Metros and Class A cities, which would help in attracting new 2G/3G/Broadband Wireless Access (BWA) operators. Aircel has won 3G & BWA spectrum in 13 & 8 circles respectively. Since GTL...

Reliance Communications (RCom) subsidiary Reliance Infratel (RINFRATEL’)and GTL Infrastructure Ltd. (GTL INFRA) approved a Rs.50,000 crore or $ 11 billion deal towards selling entire stake to GTL subsidiary, GTL Infrastructure Ltd. The deal is expected to be closed within 6 months time. Post deal GTL Infra will emerge as the world’s largest independent telecom infrastructure company and India’s second largest telecom infrastructure firm after Indus Towers. The deal will be implemented through a demerger of RINFRATEL’s tower assets into GTL INFRA. However Reliance Communications will retain ownership of the optical fibre network. The deal will result in cash infusion to RCOM, leading to substantial reduction of its consolidated gross debt and improved leverage ratios, contributing to enhanced financial flexibility. The proposal will lead to substantial unlocking of value, through: Recently Reliance Communications’ board

Manoj G Tirodkar is the chairman and MD of GTL, a leading Network Services company. With its business spread over 25 countries, having enabled over 35 cellular networks, 14,000 cell sites, 14 mn subscribers, 450 corporate networks and over 43,000 BPO seats, GTL is one of the India's biggest network services provider to the world. GHC (formerly GECS Holdings) is a holding company consolidating all shareholdings of the promoter in GTL Group by providing a single and transparent holding structure. He was one of the first people who predicted e-commerce's popularity in the country and formed the first e-commerce company in India in 1992. He pioneered in offering third party BPO services in India in the year 1998 and was the first to set up payment gateway services in India in the year 2000. Manoj G Tirodkar

GTL has expertise in a wide range of Wireline technologies namely TDM and Packet Switching, SDH and DWDM. Higher Order Cross Connect, Metro Ethernet, Multi Services Access Devices, Fiber Monitoring systems and many more. For these technologies and Products, GTL offers services for Installation, Commissioning, Integration, Operation and Maintenance. The customer base for GTL under these service offerings include all leading and upcoming OEMs as well as Telecom Carriers across different geographies GTL has relationships and deployment experience of leading technology vendors like Nortel, Alcatel-Lucent, NEC, Terawave communications, UT Starcom, Ascom to name a few. We have executed projects in varying complexity across geographies. We have expertise in various phases of the network roll out right from the planning stage to the operations and maintenance. Benefits : Extensive Deployment experience covering the Core, Access and Broadband networks Expertise in delivering SLA based ...

GTL has a rich experience in delivering Network Services in the wireless domain, having rolled out close to 70 cellular networks across 2G and 3G technologies. We closely monitor the technology changes and future trends that are happening in the wireless space, and align our skill sets to the needs of our customers. By stepping into the shoes of our customers and understanding the challenges they face, we place Telecom Carriers and OEM’s at the very core of our service offerings to help lower our customers' operation costs while improving their business efficiency and competitiveness. GTL has worked with leading technology vendors on platforms related to GSM - 2/2.5/3G, CDMA, WCDMA and Broadband Wireless Access. Whether it’s a Core Network, a Radio Access Network, or a Broadband network, we have executed projects in varying complexity across geographies. We have expertise in various phases of the network roll out right from the planning stage to the operations and maintenance. ...