Telecom infrastructure firm GTL Infrastructure today said it may take a hit of Rs 7 crore a month at a rate of 6% of its monthly consolidated revenue due to the cancellation of 122 2G licences by the Supreme Court.
However, the management believes that the operators affecting our portfolio are large established operators with long-term commitment to the Indian market and therefore the actual impact may be much lower, GTL Infrastructure statement said.
"The recent Supreme Court verdict on the ....May impact our consolidated monthly revenue by approximately Rs 7 crore [6% of our consolidated revenue at current run rate]," the statement said.
The company said that its consolidated revenue stood at Rs 349.83 crore for quarter which ended on December 31, 2011.
However, it neither disclosed its revenue for the same period a year ago nor the consolidated net loss amount.
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