Viom Networks

The private equity firm IDFC Alternatives after partially selling its stake in Viom Networks Ltd to America Tower Corp is now hunting for stake in the debt-ridden GTL Infrastructure Ltd (GTL Infra).

Srei completes 18% stake sale in Viom for Rs 2,931 cr

The infrastructure financing firm, along with other shareholders, had entered into a definitive agreement with ATC on October 21, 2015 for selling its stake in Viom.

ATC concludes Viom purchase for Rs 7,635 crore

With this acquisition, ATC will own 57,000 towers in the country, the company said in a statement. ATC globally has a portfolio of over 1,42,000 telecom masts.

Govt clears ATC buying 51% stake in Viom for Rs 5,856.51 cr

ATC in October 2015 announced to buy 51 stake in Viom, which owns and operates about 42,200 towers and has another 1,000 mobile phone masts under construction, from Tata Teleservices and SREI Infrastructure Finance.

FIPB clears 13 FDI proposals including that of Viom Networks

Telecom tower firm Viom Networks' Rs 5,900 crore FDI proposal was among the 13 projects, totalling Rs 6,500 crore, that the foreign investment promotion board (FIPB) cleared today.

CCI approves ATC's Rs 7,635-cr stake buy in Viom Networks

In the largest FDI in the telecom sector this fiscal, American Tower Corp (ATC) will buy 51 percent stake in Viom, which owns and operates about 42,200 towers and has another 1,000 mobile phone masts under construction, from Tata Teleservices Ltd and SREI Infrastructure Finance.

Railway contracts to drive growth; NPA recovery slow: SREI

Sunil Kanoria, Vice-chairman, SREI Infra, says the formation of bad loans has been arrested, but recovery of existing non-performing assets is slow. He expects revenues from rail contracts to drive growth going forward

Open for more acquisitions across Asia: ATC Asia Head

Boston-based American Tower Company, which recently signed a Rs 7,635 crore deal to acquire majority stake in Indian firm Viom Networks, is open to acquiring more telecom infrastructure companies in Asia.

Expect merger with ATC to be completed by early FY17: Viom

ATC will be buying a 51 percent stake in Viom Networks.

Will get Rs 3k cr from Viom exit; focus on infra biz: Srei

Srei Infra vice chairman Sunil Kanoria, says the company will get Rs 3000 crore in cash including a non-compete fee.

ATC takes majority control in Viom with 51% buy: Sources

Sources told CNBC-TV18 that the enterprise value of the deal is Rs 20,000 crore, which includes Rs 6,500 crore debt that ATC has taken over.

ATC to acquire 51% in Viom Networks in Rs 20k cr deal: Srcs

Sources tell CNBC-TV18 that ATC will acquire 51 percent stake in the multi-tier deal at an estimated value of Rs 20,000 crore.

SREI Infra shares up 8%, Group likely to exit Viom Networks

According to a media report, the SREI Group is likely to exit Viom Networks.

Telecom companies complain to ADGP

Telecom operators in Punjab have approached police over alleged disruption of services by some anti-social elements in 19 districts of the state, following which authorities registered a case in this connection.

Airtel mulls listing tower arm Bharti Infratel

Bharti Airtel today said it has appointed a Committee of the Board of Directors to consider a public offer of its telecom tower unit Bharti Infratel Ltd (BIL) by selling up to 10% stake.

KPMG finds all allegations to be baseless: Viom Networks

KPMG has given a clean chit to the Kanorias in the alleged financial irregularities in VIOM Networks by the former company secretary. In an interview to CNBC-TV18, Sunil Kanoria, director of Viom Networks spoke about the issues related to the recent allegations.

Viom denies reports of wrongdoing in company

Amid reports of financial irregularities, Viom Networks-- a shared passive telecom infrastructure provider-- today denied any wrongdoing in the company even as it hired auditor KPMG to look on the issues.

SREI hits 52-week low on 'alleged' promoter fraud

SREI Infrastructure Finance touched a 52-week low of Rs 31.20. At 09:18 hrs the share was quoting at Rs 33.25, down Rs 4.55, or 12.04%.

KPMG probing ex company secy allegations: Kanoria

Speaking to CNBC-TV18, Hemant Kanoria, director of Viom and CMD of SREI said, the former company secretary has made the allegations to get back at the firm for firing him.

Govt decisions can determine telecom growth: VIOM Networks

A lot is happening over expectations of tower sale. However, in an exclusive interview to CNBC-TV18, Sunil Kanoria, director of VIOM Networks says there is lot of uncertainty in the telecom operator segment which is the challenge.

RComm puts tower unit on the block for $5bn: Sources

Billionaire Anil Ambani's Reliance Communications has hired UBS to sell its 95% stake in tower unit Reliance Infratel.

Viom Networks in talks to buy GTL Infra; stock up 10%

GTL Infrastructure touched an intraday high of Rs 16.10 and an intraday low of Rs 14.05. At 11:16 hrs the share was quoting at Rs 15.20, up Rs 1.45, or 10.55%. Viom Networks is in talks with Rs 7500 crore offer to buy out GTL Infra, but GTL promoters eyeing valuations of over Rs 10,500 crore, reports The Economic Times.

Viom Networks makes buy offer to GTL Infra

Telecom tower firm Viom Networks has made a USD 1.69 billion offer to buy out its competitor GTL Infrastructure, The Economic Times reported on Friday.

Viom may explore merger possibility with GTL Infra: SREI

On talks of Viom Networks exploring the possibility of a merger with GTL Infra, Sunil Kanoria, director of SREI Infrastructure said it was too soon to comment on the same. However, he added that the company was exploring avenues that will add value to the company and to the shareholders.

Viom Networks open to telecom tower company buys: Director

Indian telecoms tower firm Viom Networks is open to acquisition opportunities including the tower arm of India's No 2 mobile carrier Reliance Communications, a director of the tower firm said on Thursday, but added there have been no talks yet with Reliance.