NSE-listed network infrastructure firm SAR Televenture Limited has announced the acquisition of a majority stake in Tikona Infinet Limited, a leading internet service provider, through a Rs 578-crore share swap deal.
The transaction will see Tikona’s shareholders receive shares in SAR Televenture as part of the agreement.
This strategic acquisition cements SAR Televenture’s position as the third-largest player in the enterprise broadband segment, significantly enhancing its presence in the high-growth connectivity market. The move aligns with the company’s broader vision of becoming an integrated telecom services provider, offering 4G/5G tower commissioning, Fiber-to-the-Home (FTTH), Optical Fibre Cable (OFC) solutions, enterprise network services, and retail broadband.
Tikona holds a Category-A All India Unified License and a National Long Distance (NLD) license, allowing it to provide broadband, leased lines, virtual private networks (VPNs), and other value-added services. With a strong customer base across 25+ major cities, Tikona is well-positioned for expansion in enterprise connectivity and managed services.
Rahul Sahdev, Managing Director of SAR Televenture, highlighted the deal’s significance, stating that the acquisition will enable the company to expand its service portfolio, providing customers with high-speed broadband, fiber-optic connectivity, and advanced 4G/5G network solutions. The integration of Tikona’s expertise into SAR Televenture’s operations will further enhance seamless, high-speed connectivity solutions across India.
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