Viom Networks is pulling out all stops to battle the declining trends in the tower rental space.
As per news reports, the company has a multi-pronged agenda in place. First, it is reportedly looking to ink third party tower management services contracts abroad. That apart, it plans to enhance its portfolio of in-building mobile communication services, reduce costs and expand its tower portfolio.
According to company officials, Viom is exploring business opportunities in Africa, West Asia, South East Asia and South Asia.
In so far, it has reportedly already initiated the training process for its employees and expects the process to begin by 2012-13.
Its plan to enhance its in-building solutions portfolio stems from the fact that its business has marginally declined, following the Supreme Court?s 2G verdict.
According to news reports, its revenues have declined by 1 per cent, following the licence cancellations of new players like S Tel, Uninor, etc. it is believed that Uninor accounts for nearly 20 per cent of its tower rentals.
In addition, the company plans to grow its tenancies between 5 per cent and 7 percent and add around 2,000 towers across the country during the financial year.
