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"Both parties are in active discussions for a potential merger of parts of their broadband spectrum business to address a larger market together. The focus is likely to be on the data business and the voice segment may be kept separate", said one of the sources cited above. Tikona Digital Networks also counts World Banks' private investment arm IFC, L&T Infra Finance & Oak Investment Partners as its investors.
"The deal would give Telenor and Tikona additional footprint in new circles. They can also benefit from synergies in terms of respective teams and operational capabilities," added another source familiar with the proposed transaction.
http://m.economictimes.com/tech/internet/telenor-tikona-in-talks-to-merge-parts-of-broadband-business/amp_articleshow/54445565.cms
"The deal would give Telenor and Tikona additional footprint in new circles. They can also benefit from synergies in terms of respective teams and operational capabilities," added another source familiar with the proposed transaction.
http://m.economictimes.com/tech/internet/telenor-tikona-in-talks-to-merge-parts-of-broadband-business/amp_articleshow/54445565.cms
