Axiata may pick up stake in Tikona broadband

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.