macquarie sbi infrastructure fund acquires interest in viom networks limited
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8/22/2019 MACQUARIE SBI INFRASTRUCTURE FUND ACQUIRES INTEREST IN VIOM NETWORKS LIMITED
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MACQUARIE SBI INFRASTRUCTURE FUND ACQUIRES INTEREST IN
VIOM NETWORKS LIMITED
To invest INR 14.2 billion ($US 304 million)
Viom plans to add 20-25,000 additional towers in the next two years
Targets industry highest tenancy ratio of 2.5x
Mumbai, August 11, 2010: Viom Networks Limited (erstwhile Quippo-WTTIL), Indias leading independent
telecom infrastructure company, today announced that a consortium led by Macquarie SBI Infrastructure
Fund (MSIF) has acquired an interest in the company for a total consideration of INR 14.2 billion ($US 304
million) from Quippo Telecom Infrastructure Ltd. (QTIL). MSIF is an India focused infrastructure fund that is
managed by a joint venture between Macquarie Capital (Macquarie) and the State Bank of India (SBI).
Viom Networks is one of Indias leading independent telecom infrastructure companies with over 37,000
towers and with over 80,000 tenants. Quippo Telecom, promoted by the Kanoria family, and Tata
Teleservices had entered into an agreement to merge their passive infrastructure businesses to create Viom
Networks Limited. The company plans to add around 20-25,000 towers in the next two years while targeting a
tenancy ratio of over 2.5x.
Mr. Sunil Kanoria, Vice Chairman, SREI said, SREI and other QTIL shareholders like IDFC, GIC-
Singapore and Oman Investment Fund are delighted to have Macquarie and SBI as key investors in Viom. It
is extremely encouraging to see these world renowned investors repose faith in the future of Indian Telecom
Infrastructure sector. We are proud to be associated with the Tata Group as our Joint Venture partners in this
business. We take pride in the fact that we were one of the pioneers in establishing this industry and have
been successful in strengthening our position as a leading player in the market within a very short span of five
years.
We are delighted that this investment has been secured by MSIF. Several other investment opportunities arebeing evaluated and we expect this acquisition to be one of a number of investments that MSIF will completein the near future,said Mr. Varun Bajpai, CEO of SBI Macquarie Infrastructure Management Pvt Ltd.
The acquisition of interest in Viom Networks Limited is subject to customary regulatory requirements.
About Viom Networks Limited
Viom Networks Limited is the pioneer in the Shared Passive Telecom Infrastructure industry in India. In 2009, the parent
company - Quippo Telecom Infrastructure Limited (QTIL) announced its partnership with Tata Teleservices Ltd. (TTSL)with the merger of their passive infrastructure businesses, resulting in the formation of a unified entity - Viom. The
company further strengthened its leadership position with the acquisition of the tower arm of Tata Teleservices
(Maharashtra) Limited in early 2010. Viom is an independent entity with over 37,000 towers and over 80,000 tenants. The
company plans to roll-out nearly 20-25,000 additional towers in the next two years and take the tenancy ratio to 2.5x.
Viom is the strongest player in neutral host Shared In-Building Communication Solutions (IBS) with installations already
completed at most of the major airports.
For further information, please contact:
Raza Khan Sonal Thind
Viom Networks Limited Viom Networks Limited
M: + 91 9211784892 M: + 91 9211784692