Although making cash profits, Viom Networks, a joint venture between Tata Teleservices Limited and the SREI Group, has been unable to report profits after tax. Viom has nearly 40,000 towers in the country and a tenant-per-tower ratio of 2.5.
The company is, however, hopeful of breaking even by 2012-13, by focusing on growing its tenancy rates and making its operations more efficient. It also has its hopes pinned on 4G technology.
Meanwhile, it has chalked out a tentative growth path for itself. Viom reportedly plans to offer managed services to tower companies overseas. This would entail Viom managing and maintaining the towers of other infrastructure companies, along with providing end-to-end solutions.
An initial public offering (IPO) may also be in the pipeline.
