Intelligent Energy (IEH) has signed an agreement to acquire GTL’s energy management business, which provides energy to over 27,400 telecom towers in India, for £85m. The transaction provides a platform for the large-scale economic deployment of fuel cells as a distributed power solution and is expected to generate long-term recurring revenues worth £1.2bn of revenues over 10 years. Within three to five years, EBITDA margin for this activity is expected to rise from c 15% to
01 Oct 2015
Landmark transaction transforms profitability
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Landmark transaction transforms profitability
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01 Oct 2015 - Author:
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Intelligent Energy (IEH) has signed an agreement to acquire GTL’s energy management business, which provides energy to over 27,400 telecom towers in India, for £85m. The transaction provides a platform for the large-scale economic deployment of fuel cells as a distributed power solution and is expected to generate long-term recurring revenues worth £1.2bn of revenues over 10 years. Within three to five years, EBITDA margin for this activity is expected to rise from c 15% to