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Tower Vision

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Tower management company
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Tower Vision India Pvt. Ltd.
IndustryTelecommunications
Founded2006
New Delhi, India
HeadquartersGurugram, India
Websitetower-vision.com

Tower Vision is a tower management company offering passive infrastructure to the telecoms industry on a multi-tenancy basis. Founded in New Delhi in 2006, Tower Vision is a subsidiary of Fore Group Management & Investments Ltd. Tower Vision operates in 16 telecoms circles with 7,500+ towers.

Key board members include Steven G. Fisher from Quadrangle and Edward Sippel from TA Associates Management.

In 2010, Quadrangle Capital Partners led a consortium to invest up to $300 million in Tower Vision. Other investors include the Israel-based Fore Group and Mivtach Shamir (Meir Shamir) Real Estate. In 2011, they received a $700 million acquisition offer for Tower Vision, but turned it down.

In 2014, RJIL, the telecom division of Reliance Industries Limited signed an agreement with Tower Vision to utilize their infrastructure for their 4G network.

In 2016, Bharti Infratel showed interest in acquiring Tower Vision India, but in January 2017, it was reported that a number of private equity firms were vying for a controlling stake in Tower Vision. Axis Capital Partners and Kotak Mahindra Capital were given the mandate to find buyers.

References

  1. "Tower Vision India Private Limited: Private Company Information - Bloomberg". www.bloomberg.com. Retrieved 3 August 2017.
  2. "Tower Vision India Private Limited: CEO and Executives - Bloomberg". www.bloomberg.com. Retrieved 3 August 2017.
  3. Reuters Editorial. "Tower Vision raises $300M from Quadrangle, others". Reuters India. Archived from the original on 12 February 2010. Retrieved 3 August 2017. {{cite news}}: |author= has generic name (help)
  4. Shah, Sneha; Gupta, Deepali (2017). "Four global private equity funds bid for tower vision". The Economic Times. Retrieved 3 August 2017.
  5. Tsipori, Tali (19 January 2011). "Tower Vision owners turn down $700m offer". Globes. Retrieved 3 August 2017.
  6. "Reliance Jio signs mobile towers deal with Tower Vision for its 4G network - Tech2". Tech2. 16 May 2014. Retrieved 3 August 2017.
  7. Kumar, Arun (9 June 2016). "Bharti Infratel in talks to acquire Tower Vision India". The Economic Times. Retrieved 3 August 2017.
  8. "PE firms eye controlling stake in Tower Vision". VCCircle. 17 January 2017. Retrieved 3 August 2017.
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