Orange acquires GTL's IT services biz

Mumbai, July 11: France-based communication solution provider Orange Business Services, a key brand of major French telecom player, today announced the acquisition of IT services business of India's GTL Ltd.

Following the acqusition, GTL Ltd, one of the leading network services solution providers in India, has entered into an all cash deal of around Rs 150 crore with Orange for providing its enterise network services and managed services business, including blue chip customer base, sales force, skilled professionals and relatioships with the leading technology providers to address enterprise networks space in India.

Speaking to the mediapersons here today, GTL CMD Manoj Tirodkar said, '' The hiving of the enterprise business is part of our efforts to focus on network services for telecom carriers.

Orange Business Services will add value to the business and would take care of our employees as well.'' Commenting on the acquisition, Orange CEO Barbara Dalibard said, ''India is a rising market for our customers. The acquisition of GTL's IT division broadens our ability to deliver quantum and quality enterprise services in India.'' This acquisition will help Orange to reinforce its domestic presence, at the same time it will also ensure quality services to its pan Anglo-Saxon and Asian markets, Barbara added.

UNI