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    HomeNewsBusinessCompaniesPE-backed Tikona acquires HCL Infosystems arm

    PE-backed Tikona acquires HCL Infosystems arm

    Tikona Digital Networks Pvt. Ltd, a wireless broadband service provider backed by private equity firms, is acquiring the networking services arm of the HCL Group.

    January 19, 2011 / 18:12 IST

    Tikona Digital Networks Pvt. Ltd, a wireless broadband service provider backed by private equity firms, is acquiring the networking services arm of the HCL Group. Tikona won licensed broadband wireless access (BWA) spectrum in five circles out of the 22 in the auctions last year. HCL Infinet Limited is a wholly owned subsidiary of HCL Infosystems which provides connectivity and IT managed services to organisations across India. No financial details about the transaction were disclosed.


    Tikona is backed by PE firms Goldman Sachs Investment Partners, Everstone's Indivision, Oak India Investments and L&T Infrastructure Finance Co. Ltd who together hold 74% stake. It is headed by Prakash Bajpai, President and CEO at Reliance Communications, where he was responsible for the Broadband, Enterprise, Data Center, PCO and DTH businesses of the company.


    HCL Infinet has more than 400 enterprise customers in industries including aviation, fast-moving consumer goods (FMCG) and manufacturing and distribution (M&D).

    HCL Infosystems is a hardware, services and ICT systems integration and distribution company with revenues of $2.6 billion. The company said the deal is a part of its strategy to strengthen its core business and expand into identified growth areas. HCL Infinet started its ISP/NLD operations in the year 2000 and holds an all license to operate as a Class
    first published: Jan 19, 2011 05:14 pm

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