Tikona Infinet Limited

Tikona
Private
Industry Internet service provider
Founded 2008
Headquarters Mumbai, Maharashtra, India
Key people
 Prakash Bajpai (Co founder, MD & CEO)
Services Wireless broadband, Broadband Services
Website www.tikona.in

Tikona Infinet Limited (TIL), referred to simply as Tikona, is an Indian Internet service provider based in Mumbai. Tikona has an all-India Class-A ISP licence granted by the Ministry of Communications, government of India.[1] The company started its operations as TDN in 2008 to provide home WIBRO services. Later the company acquired HCL Infinet from HCL Infosystems to expand its data services to Enterprises which is currently operating as Tikona Infinet Limited.[2] In March 2017 Bharti Airtel acquire Tikona 4G business including wireless broadband access spectrum.[3] After announcement of this deal the home WIBRO business of Tikona Digital Networks Pvt Ltd was absorbed by the Tikona Infinet limited.

News

In January 2014, Tikona received approval from the Foreign Investment Promotion Board to raise Rs 2.48 billion ($41.8 million) through foreign direct investment.[4] Tikona requested an increase in the foreign equity participation from 71 per cent to 72.58 per cent through the issue of compulsorily convertible debentures and equity shares to the existing non-resident investors. The IFC funding comes as a part of this fund-raising exercise. These expansion plans will also help provide employment to 350 professionals and create 20,000 indirect jobs in support and facilitation functions over the next five to six years.[4]

In addition, Tikona claims to have invested in ensuring that their services, particularly WIBRO are not harmful to the environment, and to have ensured that energy consumption and emissions are lower than the industry standard. [5]

Investors and Stakeholders

Private equity companies Goldman Sachs holds 40% stake, Oak Investment Partners holds 20% stake, Everstone holds 10% stake, 4% by L&T Infrastructure Finance Company Limited and rest 26% is held by Tikona Trust which is spearheaded by Prakash Bajpai. It is believed that Malaysia's mobile may pick up a stake in the company.

Current Reach

Currently postpaid service available in following cities:

Tikona service available in Top 25 cities.[6]
Agra Ahmedabad Allahabad Bengaluru Bhopal
Gandhinagar Chennai Coimbatore Delhi Hyderabad
Indore Jabalpur Jaipur Kolkata Kanpur
Mumbai Meerut Nagpur Lucknow Pune Raipur
Rajkot Surat Thiruvananthapuram Vadodara Varanasi

References

  1. ↑ http://www.tikona.in/about-us
  2. ↑ "Tikona Digital Networks buys HCL Infinet | Business Standard News". Business-standard.com. 2011-01-20. Retrieved 2015-05-07.
  3. ↑ http://www.livemint.com/Industry/KFfhLvpbyCmsaFqk3pNZ0M/Airtel-to-acquire-Tikonas-4G-business-including-BWA-spectr.html
  4. 1 2 "Tikona Digital Networks: Biding its time for launching 4G" (PDF). Tele.net.in. Retrieved 2015-05-07.
  5. ↑ "Tikona Internet: Tikona's Green Broadband Initiative". Tikonainternetplans.blogspot.in. 2015-01-15. Retrieved 2015-05-07.
  6. ↑ "Coverage - Tikona Digital Networks". Tikona.in. Retrieved 2015-05-07.
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