Thursday, 13 December 2012

Tikona Digital to raise Rs 1,000 cr

Tikona Digital Networks will raise Rs 1,000 crore to roll out its fourth generation-based services next year. The company plans to launch long term evolution (LTE)-based services first in Gujarat in the second half of 2013.
The company is exploring all options including raising debt and taking on a strategic investor. “We are getting a lot of interest from potential investors. Whether we exit or sell partial stake or raise debts our plan is to roll out a network that will be a combination of

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