SAR Televenture Restricted introduced final week its acquisition of India’s Tikona Infinet Non-public Restricted (Tikona). SAR Televenture Restricted and Tikona Infinet Non-public Restricted have entered into definitive agreements, beneath which SAR Televenture Restricted will purchase a 91 % stake in Tikona Infinet Non-public Restricted for a complete consideration of Rs 669.04 crore, comprising a mixture of money and share swap.
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Tikona’s Market Presence
Upon the closure of the transaction, Tikona will change into a subsidiary of SAR Televenture, with Tikona’s shareholders becoming a member of on the mixed group degree of SAR Televenture Restricted, the official launch stated.
Established in 2008, Tikona Infinet Non-public Restricted operates in over 300 cities and offers high-speed web and information companies to residential, business, and enterprise clients throughout India. Tikona presents a variety of companies, together with wi-fi broadband, fiber-to-the-home (FTTH), and enterprise options. For FY 2024, Tikona registered gross sales of Rs 192.86 crore.
Trade Verticals Served by Tikona
Tikona additionally offers connectivity companies and options important to numerous industries and sectors, together with e-commerce and digital funds, banking and monetary companies, healthcare and training, protection, and media and leisure.
In line with the official launch, a few of Tikona’s marquee shoppers embrace HDFC Financial institution, ICICI Financial institution, Axis Financial institution, NSE, BSE, Ujjivan Financial institution, Indigo Airways, SpiceJet, All Cargo Logistics, IDFC First Financial institution, Tata Communications, Cipla, and hundreds of SMB clients.
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Operational Synergies and Useful resource Optimisation
With the mixture of Tikona and SAR Televenture, the SAR group goals to broaden its capabilities, leveraging Tikona’s experience to offer a extra complete suite of companies to its shoppers.
Moreover, by combining sources and optimising workflows, SAR Televenture anticipates improved operational efficiency. SAR Televenture intends to unlock worth from Tikona’s 7,500+ towers/small cells in extremely dense city markets, together with SAR’s passive infrastructure.
