India’s leading broadband and cable access provider, Atria Convergence Technologies (ACT) is planning to acquire its joint venture partners in Beam Telecom to take complete control of its subsidiary.
The promoters of Beam Telecom hold a 39.70 per cent stake in the Hyderabad-based broadband company.
ACT has received structured debt financing from Olympus Capital Asia Credit (OCA Credit) and Kilimanjaro Netherlands BV, a subsidiary of Kilimanjaro Credit Fund, LP (Kilimanjaro).
The transaction marks the first investment by OCA Credit and Kilimanjaro in India. Avendus Capital was the sole financial advisor to ACT for this transaction.
ACT expects to have 0.8–1 million digital subscribers by the end of Phase III of digitisation.
Source: http://cablequest.org/news/broadband-and-iptv-news/item/4339-atria-convergence-to-buy-promoters-of-beam-telecom.html
Source: http://cablequest.org/news/broadband-and-iptv-news/item/4339-atria-convergence-to-buy-promoters-of-beam-telecom.html
Source: http://cablequest.org/news/broadband-and-iptv-news/item/4339-atria-convergence-to-buy-promoters-of-beam-telecom.html
Source: http://cablequest.org/news/broadband-and-iptv-news/item/4339-atria-convergence-to-buy-promoters-of-beam-telecom.html
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