SBI-Macquarie Infra Fund investee Viom Networks to file for IPO
Indian telco player Viom Networks, backed by the SBI-Macquarie Infra Fund, is set to launch its IPO in Q1 next year, aiming to raise as much as $1.5 billion.
SBI-Macquarie Infra Fund - a JV between the State Bank of India and Macquarie - holds an 11% stake in the company, which itself is a JV between Tata Teleservices and Quippo Telecom. Viom is expected to submit its appropriate filings to Indian authorities, and Citibank, Credit Suisse, Goldman Sachs, Morgan Stanley and IDFC Capital are reportedly on the shortlist to manage the listing.
SBI-Macquarie Infra Fund purchased its 11% stake in the company for $304 million in August, touted as the fund's first sizable investment since it closed on just more than $1 billion last year. Viom claims more than 37,000 cellular towers and plans to add another 20,000-25,000 over the next few years.
Further reading
More on Media
Latest News
Asian GPs slow implementation of ESG policies - survey
Asia-based private equity firms are assigning more dedicated resources to environment, social, and governance (ESG) programmes, but policy changes have slowed in the past 12 months, in part due to concerns raised internally and by LPs, according to a...
Singapore fintech start-up LXA gets $10m seed round
New Enterprise Associates (NEA) has led a USD 10m seed round for Singapore’s LXA, a financial technology start-up launched by a former Asia senior executive at The Blackstone Group.
India's InCred announces $60m round, claims unicorn status
Indian non-bank lender InCred Financial Services said it has received INR 5bn (USD 60m) at a valuation of at least USD 1bn from unnamed investors including “a global private equity fund.”
Insight leads $50m round for Australia's Roller
Insight Partners has led a USD 50m round for Australia’s Roller, a venue management software provider specializing in family fun parks.