Tikona Digital Networks to raise Rs 10 billion to roll out 4G services -

Tikona Digital Networks plans to raise Rs 10 billion to roll out its fourth generation-based services.

The company is planning to launch the long-term-evolution (LTE)-based services in Gujarat in the second half of 2013. Tikona Digital Networks is looking at raising funds either through a partial stake sale or through debts. The company is looking at launching a combination of LTE and Wi-Fi services.

Currently, private equity investors including Goldman Sachs, Oak Investment Partners and Everstone Capital Advisors hold 70 per cent stake in Tikona Digital Networks. The company has licence for rolling out 4G services in five circles – Gujarat, Himachal Pradesh and Rajasthan and Uttar Pradesh East and West.

Tikona Digital Networks offers high-speed broadband services across 25 cities by using unlicensed spectrum.

Tikona Digital Networks to raise Rs 10 billion to roll out 4G services

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