Company Overview of Viom Networks Limited
Viom Networks Limited provides telecom infrastructure solutions in India. The company engages in the deployment and commissioning of telecommunication towers to telecom service providers. Its products include tower portfolio that comprise self supporting latticed towers, monopoles, and rapid deployment towers; integrated data solutions; in-building solutions; distributed antenna systems; and tower operations center. The company has strategic relationships with Tata Teleservices, Bharti Airtel, Aircel, MTS, Vodafone, Idea, Uninor, and BSNL. The company was formerly known as Wireless TT Info services Limited and changed its name to Viom Networks Limited in August, 2010. The company was incorpo...
Plot No. 14 A
Sector – 18
Maruti Industrial Complex
Founded in 2004
Key Executives for Viom Networks Limited
Compensation as of Fiscal Year 2014.
Viom Networks Limited Key Developments
SREI Mulls Sale Of Assets
Sep 24 14
SREI Infrastructure Finance Limited (BSE:523756) may sell assets. The company is looking to divest its assets worth INR 5 billion – INR 10 billion and expects them to be monetized by end of 2014. SREI is working on various routes, including initial public offer (IPO), to monetize Viom Networks Limited. SREI has an 18% stake in the company that is a joint venture (JV) with Tata Sons Limited. The company may also look to list on either New York Stock Exchange (NYSE) or the London Stock Exchange (LSE). The company is in talks with merchant bankers for the listing of two of its road projects.
Viom Networks To Raise Capital
Aug 18 14
Viom Networks Limited is planning to raise capital. Sunil Kanoria, Director of Viom Networks Limited said, "We should reach our decision on an investment trust or IPO in September and it would be open to investors in the next five-six months. The firm was waiting for guidelines on InvITs from Securities and Exchange Board of India. If the guidelines are "favourable", the firm will opt for an InvIT instead of an IPO." Syed Safawi, Chief Executive Officer of Viom Networks Limited said Viom Networks Limited was "evaluating multiple options" to raise funds to fuel the next phase of growth. Citigroup Inc. (NYSE:C); Credit Suisse Group AG (SWX:CSGN) ad STJ Advisors LLP have been retained as advisors.
Axiata, Carlyle, Providence and ATC Reportedly Shortlisted As Potential Bidders For Viom Networks
Jul 22 14
Axiata Group Berhad (KLSE:AXIATA), Providence Equity Partners LLC, The Carlyle Group LP (NasdaqGS:CG) and American Tower Corporation (NYSE:AMT) have been reportedly short-listed as potential stake buyers in Tata Teleservices Limited-controlled Viom Networks Limited, which could lead to a change in ownership at Viom. "Negotiations are at a fairly advanced stage," one of the people said. Citigroup and Credit Suisse are the bankers to the deal. "All possible ways of diluting stake were on...We are hopeful that things will materialize by August," Sunil Kanoria, Director at Viom Networks and a joint owner of Viom through SREI Infrastructure Finance Limited (BSE:523756), told Economic Times, without commenting on the names of the short-listed companies. "Tatas and Srei will dilute their holding depending on the final valuation and Tatas could easily bring their ownership down to 30%," a second person said. TTSL could use the funds to pare part of its debt.
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