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Investors Services Centre
Share Transfer Agent
GTL Limited
Investor Service Centre
Electronic Sadan No.II, MIDC, TTC Industrial Area
Mahape Navi Mumbai 400710
GTL’s “in-house” Investor Service Centre (ISC) provides Share Transfer Agent (STA) services and all the other related services to GIL’s shareholders. The STA has also established connectivity with both the Depositories in India, viz. National Securities Depository Services Ltd. (NSDL) and Central Depository Services (India) Ltd. (CDSL)
Mahape Navi Mumbai 400710.
GTL Limited is registered with the Securities and Exchange Board of India (SEBI) as a Category II Share Transfer Agent.
Investors Correspondence
All shareholders complaints/queries in respect of their shareholding may be addressed to the STA at the following address.
GTL Limited
Investor Service Centre
UNIT: GTL INFRASTRUCTURE LIMITED
Electronic Sadan No.II, MIDC, TTC Industrial Area
Mahape Navi Mumbai 400710
Contact Details & email-id for investor grievances/queries
Mr. Jayendra Pai – Associate Vice President, Shares & Systems
Mr. R. Nagaraajan Iyer – Sr. Manager, Shares & Systems
Tel.: +91 –22- 27612929 / 27684111– Extn: 2041
Fax: +91-22-27680171
Email: gilshares@gtlinfra.com
Website: www.gtlinfra.com
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Share Capital Update
Date |
Particulars |
No. of Shares |
Increase in
Share Capital
(Rs.) |
Cumulative
Share Capital
(Rs.) |
01-Nov-2006 |
Opening Share Capital |
320,767,662 |
NA |
3,207,676,620 |
22-Nov-2006 |
FCCB Conversion |
1,549,594 |
15,495,940 |
3,223,172,560 |
05-Dec-2006 |
FCCB Conversion |
1,379,428 |
13,794,280 |
3,236,966,840 |
27-Dec-2006 |
FCCB Conversion |
6,955,074 |
69,550,740 |
3,306,517,580 |
23-Jan-2007 |
FCCB Conversion |
372,916 |
3,729,160 |
3,310,246,740 |
08-Feb-2007 |
FCCB Conversion |
362,054 |
3,620,540 |
3,313,867,280 |
23-Feb-2007 |
ESOP Allotment |
542,500 |
5,425,000 |
3,319,292,280 |
23-Feb-2007 |
FCCB Conversion |
94,134 |
941,340 |
3,320,233,620 |
02-Mar-2007 |
FCCB Conversion |
796,519 |
7,965,190 |
3,328,198,810 |
28-Apr-2007 |
FCCB Conversion |
3,526,414 |
35,264,140 |
3,363,462,950 |
11-May-2007 |
FCCB Conversion |
18,102 |
181,020 |
3,363,643,970 |
18-Jun-2007 |
FCCB Conversion |
36,205 |
362,050 |
3,364,006,020 |
17-Jul-2007 |
FCCB Conversion |
3,620 |
36,200 |
3,364,042,220 |
16-Aug-2007 |
FCCB Conversion |
264,299 |
2,642,990 |
3,366,685,210 |
28-Sep-2007 |
Rights Issue 2007 |
336,288,137 |
3,362,881,370 |
6,729,566,580 |
11-Oct-2007 |
FCCB Conversion |
1,676,313 |
16,763,130 |
6,746,329,710 |
29-Oct-2007 |
FCCB Conversion |
188,267 |
1,882,670 |
6,748,212,380 |
25-Jan-2008 |
ESOP Allotment |
661,500 |
6,615,000 |
6,754,827,380 |
06-Feb-2008 |
FCCB Conversion |
2,667,420 |
26,674,200 |
6,781,501,580 |
20-Feb-2008 |
FCCB Conversion |
18,968,325 |
189,683,250 |
6,971,184,830 |
29-Feb-2008 |
FCCB Conversion |
889,140 |
8,891,400 |
6,980,076,230 |
11-Mar-2008 |
FCCB Conversion |
815,045 |
8,150,450 |
6,988,226,680 |
24-Mar-2008 |
Pref. Wrts. Conversion |
33,741,060 |
337,410,600 |
7,325,637,280 |
31-Mar-2008 |
Pref. Wrts. Conversion |
1,700,000 |
17,000,000 |
7,342,637,280 |
Share Capital as on March 31, 2008 |
7,342,637,280 |
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Shareholding Pattern
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Successfull Closure of Rights Issue
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FAQs
Q - Why would the operators prefer 3rd party infrastructure
provider
A - Due to cut throat competition amongst various
operators mutual sharing of towers might lead to conflict of
interest amongst the operators.
Indescriminate sharing of tower might not fit into the individual
network model of operators
Given the massive expansion of telecom in rural areas, mutual
agreement on sharing of towers would still involve heavy capex.
With 3rd party infrastructure provider
the maintenance of sites, layout on allocation of towers for
an operator in a circle etc. are taken care by the provider.
This allows the operators to enhance its focus on improving their
capabilities in customer service activities.
Q - What are the major challenges for sharing of Infrastructure?
A - Not all the operators keen
on the concept of sharing model
Established operators feel Infrastructure capabilities as an
important entry barrier for new player to enter the market. With
the sharing of infrastructure new player could easily enter the
market leaving very little competitive edge for the established
players over others.
Valuation of telecom operators in India is generally on the basis
of EBITDA margins. With the fall in Capex & rise in Opex and the continuing downtrend of ARPUs
the model is feared to have an adverse effect on valuation of these companies.
Q - Why would the sharing concept
still work in India?
A - Given the indiscriminate expansion
by individual operators, the Central Government
in association with COAI and OSPI has initiated
discussion amongst the operators on the issue of
sharing of Infrastructure.
Certain key government installations and facilities
as security measures have restrictions on no.of
sites to be built in the area. At these places
the operators will have no choice but to share
the infrastructure with others.
To start with, even if couple of operators adopts the sharing
concept, given the fierce competition in the market, they will
pass on the cost benefit to the customers leading to lower ARPUs.
With other operators also having to follow suit, they will have
to catch up with the sharing bandwagon to sustain the falling
ARPUs
Expansion in semi urban & rural areas will lead to further
fall in ARPUs giving further impetus to the sharing concept.
Q - Competitors of GIL
A - Established global players
like American Towers have made their foray into
the Indian market. Essar Group has created a company
Essar Infrastructure for its planned entry into
this sector. A Joint Venture between Ericsson & a
local co. and Ex Director of Goldman Sachs (Mr.Jedhai) are shortly
to start a company into this field.Quipo funded
by SREI finance is also a player in this field.
Telecom operators might come together to mutually share the sites
Operators convinced with the model might also toy up with the
idea of setting up their own independent infrastructure company.
Q - What is the market share? Where would the growth
come from?
A - According
to GIL’s
projections, 80,000 to 90,000 sites are expected to come up in
next 2 years. Of that, almost 40,000 to 45,000 (50%) are expected
to be built up on shared basis.
In India, the market is classified into: Metro cities, Class
A Circle, Class B Circle, Class C Circle. Class B & Class
C circles constitutes Semi urban & Rural
areas. Although Metros are already been looked upon as a concentrated
market, future growth is expected to come from Class B & Class
C Circles.
Class B & Class C Circles have registered a growth of 23% & 11%
respectively. On month-on-month basis the incremental growth
in circle C has been more than in Circle B.
Of the 4 million new subscribers added last year, 40% to 45%
growth has come from B&C circles.
Although GIL will have its presence in all the circles, it will
specifically target Class B & C circles. It is expected that
in future to drive further subscriber growth operators will have
to venture into these circles.
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Contact Information
Investor Relations
Tel: +91-22-2261 3010
Extn: 357
Fax: +91-22-2261 9649
ir@gtlinfra.com
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