GTL will continue to do high-profile purchases

GTL is open to new acquisitions

In brief: GTL intends to acquire further. The next target for GTL will soon know.

The Indian telecommunications company, GTL Infrastructure has declared that is open to new acquisitions, because competition in the telecommunications market in India is pushing the company to consolidate.

According to Chairman of the Board of Directors of GTL Manoj Tirodkar, if an operator of cellular towers proposed to merge, and it will be advantageous from a financial point of view, GTL Infrastructure will consider such a proposal. He stressed that the purchase of assets by Reliance Communications may lead to a wave of mergers in the industry.

Anrey Torbinski
2010-06-30 17:35, Economics.

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