| shenagxthy | Date: Saturday, 22 Jun 2013, 17:28:07 | Message # 1 |
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Speaking to Business Line, Prakash Bajpai, CEO and Managing Director, said the company is exploring all options including raising debt and taking on a strategic investor. are getting a lot of interest from potential investors. Whether we exit or sell partial stake or raise debts our plan is to roll out a network that will be a combination of LTE and WiFi, Bajpai said.
In addition, it is already offering highspeed broadband services across 25 cities by using unlicensed spectrum. Bajpai said it will continue to invest in the unlicensed spectrum service to cater to the fixed broadband users. Tikona will also set up wifi hotspots in several cities.
LTE network will address the need for mobile users while wifi and the existing service will cater to the fixed users like homes and offices, Bajpai said. Tikona has already set up 40,000 micro cells for its existing broadband service and plans to use the same micro cell architecture for 4G services. Micro cell allows operators to set up small base stations that cover a smaller area compared to traditional towerbased base stations which cover a larger area. Bajpai said Tikona will roll out a carpet network using the micro cell technology in cities where it plans to launch 4G services next year.
锘?00 cr for 4G services launch
Currently, private equity investors including Goldman Sachs, Oak Investment Partners and Everstone Capital Advisors hold 70 per cent stake in the company. are private equity players and if they get good value for their equity then they may exit, Bajpai said. Tikona had won 4G spectrum in five key circles including Gujarat, Himachal Pradesh and Rajasthan and Uttar Pradesh East and West for over Rs 1,058 crore.
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