GTL Infrastructure said that it has achieved financial closure of its Rs 7,265-crore project for rolling out of 15,700 telecom towers. The funding was raised through a mix of debt and equity.

The company raised Rs 2,905 crore by equity, preferential warrants and foreign currency convertible bonds in November 2007. The company concluded a 1:1 rights issue at par in September 2007, adding Rs 336 crore to its equity capit al. It has received aggregate debt sanctions of Rs 4,999 crore from international, domestic banks and financial institutions in two phases.