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Tower Vision

From Wikipedia, the free encyclopedia

Tower Vision India Pvt. Ltd.
IndustryTelecommunications
Founded2006
New Delhi, India
HeadquartersGurugram, India
Websitetower-vision.com

Tower Vision is a tower management company offering passive infrastructure to the telecoms industry on a multi-tenancy basis. Founded in New Delhi in 2006, Tower Vision is a subsidiary of Fore Group Management & Investments Ltd.[1] Tower Vision operates in 16 telecoms circles with 7,500+ towers.

Key board members include Steven G. Fisher from Quadrangle and Edward Sippel from TA Associates Management.[2]

In 2010, Quadrangle Capital Partners led a consortium to invest up to $300 million in Tower Vision.[3] Other investors include the Israel-based Fore Group and Mivtach Shamir (Meir Shamir) Real Estate.[4] In 2011, they received a $700 million acquisition offer for Tower Vision, but turned it down.[5]

In 2014, RJIL, the telecom division of Reliance Industries Limited signed an agreement with Tower Vision to utilize their infrastructure for their 4G network.[6]

In 2016, Bharti Infratel showed interest in acquiring Tower Vision India,[7] but in January 2017, it was reported that a number of private equity firms were vying for a controlling stake in Tower Vision. Axis Capital Partners and Kotak Mahindra Capital were given the mandate to find buyers.[8]

References

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  1. ^ "Tower Vision India Private Limited: Private Company Information - Bloomberg". www.bloomberg.com. Retrieved 3 August 2017.
  2. ^ "Tower Vision India Private Limited: CEO and Executives - Bloomberg". www.bloomberg.com. Retrieved 3 August 2017.
  3. ^ Reuters Editorial. "Tower Vision raises $300M from Quadrangle, others". Reuters India. Archived from the original on 12 February 2010. Retrieved 3 August 2017. {{cite news}}: |author= has generic name (help)
  4. ^ Shah, Sneha; Gupta, Deepali (2017). "Four global private equity funds bid for tower vision". The Economic Times. Retrieved 3 August 2017.
  5. ^ Tsipori, Tali (19 January 2011). "Tower Vision owners turn down $700m offer". Globes. Retrieved 3 August 2017.
  6. ^ "Reliance Jio signs mobile towers deal with Tower Vision for its 4G network - Tech2". Tech2. 16 May 2014. Retrieved 3 August 2017.
  7. ^ Kumar, Arun (9 June 2016). "Bharti Infratel in talks to acquire Tower Vision India". The Economic Times. Retrieved 3 August 2017.
  8. ^ "PE firms eye controlling stake in Tower Vision". VCCircle. 17 January 2017. Retrieved 3 August 2017.