Tikona Digital Networks buys HCL Infinet

Broadband service provider has acquired HCL Infinet, a wholly-owned subsidiary of HCL Infosystems, for an undisclosed amount.

The sale of Infinet’s shares is subject to and shall be effective after necessary regulatory approvals, HCL Infosystems said in a statement.

is today poised to take a different growth trajectory and is best suited to further strengthen an enterprise like Tikona focused on delivering ISP (internet service provider) and NLD (national long distance) services in the fast emerging telecom industry,” HCL Infosystems Chief Executive Officer said.

The move came as a part of HCL Infosystems’ transformation strategy under which the company will be further strengthening its core business and expanding into identified growth areas, he said. HCL Infinet started its ISP/NLD operations in 2000.

Last year, Tikona Digital bagged broadband wireless access (BWA) spectrum in five circles — Himachal Pradesh, Rajasthan, UP (east), UP (west), Gujarat — at Rs1,058.2 crore.

image
Business Standard
177 22
Business Standard

Tikona Digital Networks buys HCL Infinet

BS Reporter  |  New Delhi 



Broadband service provider has acquired HCL Infinet, a wholly-owned subsidiary of HCL Infosystems, for an undisclosed amount.

The sale of Infinet’s shares is subject to and shall be effective after necessary regulatory approvals, HCL Infosystems said in a statement.

is today poised to take a different growth trajectory and is best suited to further strengthen an enterprise like Tikona focused on delivering ISP (internet service provider) and NLD (national long distance) services in the fast emerging telecom industry,” HCL Infosystems Chief Executive Officer said.

The move came as a part of HCL Infosystems’ transformation strategy under which the company will be further strengthening its core business and expanding into identified growth areas, he said. HCL Infinet started its ISP/NLD operations in 2000.

Last year, Tikona Digital bagged broadband wireless access (BWA) spectrum in five circles — Himachal Pradesh, Rajasthan, UP (east), UP (west), Gujarat — at Rs1,058.2 crore.

RECOMMENDED FOR YOU

Tikona Digital Networks buys HCL Infinet

Broadband service provider Tikona Digital Networks has acquired HCL Infinet, a wholly-owned subsidiary of HCL Infosystems, for an undisclosed amount.

Broadband service provider has acquired HCL Infinet, a wholly-owned subsidiary of HCL Infosystems, for an undisclosed amount.

The sale of Infinet’s shares is subject to and shall be effective after necessary regulatory approvals, HCL Infosystems said in a statement.

is today poised to take a different growth trajectory and is best suited to further strengthen an enterprise like Tikona focused on delivering ISP (internet service provider) and NLD (national long distance) services in the fast emerging telecom industry,” HCL Infosystems Chief Executive Officer said.

The move came as a part of HCL Infosystems’ transformation strategy under which the company will be further strengthening its core business and expanding into identified growth areas, he said. HCL Infinet started its ISP/NLD operations in 2000.

Last year, Tikona Digital bagged broadband wireless access (BWA) spectrum in five circles — Himachal Pradesh, Rajasthan, UP (east), UP (west), Gujarat — at Rs1,058.2 crore.

image
Business Standard
177 22
Widgets Magazine

More News

Widgets Magazine

Compare mobiles

SELECT ANY 3 MOBILES TO COMPARE

Widgets Magazine

Upgrade To Premium Services

Welcome User

Business Standard is happy to inform you of the launch of "Business Standard Premium Services"

As a premium subscriber you get an across device unfettered access to a range of services which include:

  • Access Exclusive content - articles, features & opinion pieces
  • Weekly Industry/Genre specific newsletters - Choose multiple industries/genres
  • Access to 17 plus years of content archives
  • Set Stock price alerts for your portfolio and watch list and get them delivered to your e-mail box
  • End of day news alerts on 5 companies (via email)
  • NEW: Get seamless access to WSJ.com at a great price. No additional sign-up required.
 

Premium Services

In Partnership with

 

Dear Guest,

 

Welcome to the premium services of Business Standard brought to you courtesy FIS.
Kindly visit the Manage my subscription page to discover the benefits of this programme.

Enjoy Reading!
Team Business Standard