Tower Vision
| Industry | Telecommunications |
|---|---|
| Founded | 2006 New Delhi, India |
| Headquarters | Gurugram, India |
| Website | tower-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[edit]
- ^ "Tower Vision India Private Limited: Private Company Information - Bloomberg". www.bloomberg.com. Retrieved 3 August 2017.
- ^ "Tower Vision India Private Limited: CEO and Executives - Bloomberg". www.bloomberg.com. Retrieved 3 August 2017.
- ^ Reuters Editorial. "Tower Vision raises $300M from Quadrangle, others". Reuters India. Retrieved 3 August 2017.
{{cite news}}:|author=has generic name (help) - ^ Shah, Sneha; Gupta, Deepali (2017). "Four global private equity funds bid for tower vision". The Economic Times. Retrieved 3 August 2017.
- ^ Tsipori, Tali (19 January 2011). "Tower Vision owners turn down $700m offer". Globes. Retrieved 3 August 2017.
- ^ "Reliance Jio signs mobile towers deal with Tower Vision for its 4G network - Tech2". Tech2. 16 May 2014. Retrieved 3 August 2017.
- ^ Kumar, Arun (9 June 2016). "Bharti Infratel in talks to acquire Tower Vision India". The Economic Times. Retrieved 3 August 2017.
- ^ "PE firms eye controlling stake in Tower Vision". VCCircle. 17 January 2017. Retrieved 3 August 2017.