The Competition Commission of India (CCI) has approved the acquisition of 100 per cent shareholding of Tower Vision India Private Limited by Ascend Telecom Infrastructure Private Limited and GIP EM Ascend 2 Pte. Limited.
Ascend Telecom Infrastructure and GIP EM are entirely owned by funds/investment vehicles managed by entities that are ultimately controlled by Global Infrastructure Management LLC. Ascend Telecom Infrastructure is engaged in providing passive telecommunication infrastructure services through towers in India while GIP EM Ascend 2 is presently not engaged in any business operations.
Meanwhile, Tower Vision India is controlled by Tower Vision Mauritius Limited and is engaged in the provision of passive telecommunication infrastructure services through towers in India.