Covers Lost Ground & More
Viom Networks, a Tata Teleservices and SREI Infrastructure joint venture, in FY 2013-14, recorded a topline growth of 5 percent over the previous fiscal. More importantly, the company crossed a profit milestone, touching Rs 100 crore. Its strategic relationships with all the leading telecom operators in India – Tata Teleservices, Bharti Airtel, Aircel, MTS, Vodafone, Idea, Uninor and BSNL among others – paid-off. Latest to lever- age on its 42,000 pan India tower portfolio is Reliance Jip Infocomm. In 2012, in the aftermath, of cancellation of 122 licenses by Supreme Court, Viom Networks had suffered a major setback where re al almost 35 percent of its busin ness simply evaporated. It has been quite a turnaround since then. Led by Syed Saf fawi, the company has strong e equity support from Macquarie SBI Infrastructure Funded consortium, ti GIC Investments Pte, Singapore, IDFC Private Equity and Funderburk Mauritius (Oman Investment Fund) and takes pride in its “green” energy focus. “From a conventional tower company, we are transforming ourselves as an innovation-driven, data-centric infra solutions provider,” said Syed Safawi, CEO, Viom Networks talking about partnering with Reliance Jio to offer its countrywide network infrastructure. With this the company is set to gain scale. Reliance Jio related revenues will kick in FY 2014-15.