Malaysia's
biggest telecom operator Axiata may pick up stake in Tikona broadband. Axiata
has been holding discussions with Tikona digital networks over the past couple
of months to pick up a minority stake in the Indian broadband company. Private
equity companies like Goldman Sachs, Oak India Investments, Indivision India partners
and Green Lotus Investments have significant stakes in Tikona.
There is a greater possibility that Axiata
may buy stake directly from these private equity companies according to
industry sources. Tikona broadband has paid over one thousand crores for broadband
spectrum in major states in North India. Both
the Chief Executive Officers of Tikona and Axiata refused to comment on the
developments. Tikona recently acquired HCL Infinet to deepen its network
infrastructure.
Tikona broadband offers digital wireless internet services
to consumers, companies, schools, colleges, universities, institutions and
charitable organizations. Tikona is committed and dedicated to providing world
class telecom services. Tikona uses the fourth generation technologies like
MIMO and LMDS to transmit data from one router to another. Tikona launched
their wireless internet services two years back across the twenty seven states
of India.
Even though it is a small company it is backed by
next generation communication technology and big private equity firms. Tikona
has a class A license and has clearly established a big presence in a short
period of time. Wireless broadband could be the next big thing in telecom
sector in India
and Tikona is well positioned to ride the wireless internet wave.
thanx for the post!
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