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GTL bags $25 Mn contract from a GSM player
By siliconindia
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Thursday, 04 October 2007, 19:30 IST
Mumbai: GTL, a telecom infrastructure services provider, has won an initial turnkey services contract of $25 million from a GSM operator. The name of the operator however was not disclosed, citing a non-disclosure agreement.
Under the contract, the company will set up telecom infrastructure and offer operations and maintenance services for three years. GTL will lead manage the project and also offer equipment supply, civil and electrical works and professional services. The telecom operator has recently received additional licences for a pan-India expansion and is planning to invest over $2 billion for the roll out of telecom networks in the next 2-3 years.
GTL had recently sold its IT enterprise and management business unit to France Telecom's subsidiary, Orange Business Services, for an undisclosed sum. Indian telecommunication makers are increasingly looking at outsourcing network management and rolling out services to global manufacturers. This enables them to concentrate on their growth plans, which mainly consist of adding more subscribers and expanding across the country.