GTL Infrastructure (GIL) is planning to triple its telecom towers from current 8,300 to 25,000 by March 2011 for an investment of $2 billion. The network services provider is planning to take the number of towers up to 11,000-12,000 by the end of this calendar year.
The funding for the same is to be done through a combination of debt, equity and internal accruals. It aims to attain a revenue of Rs 230-250 crore by the end of this fiscal year. The company currently has a turnover of Rs 160 crore.