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Tikona Infinet Limited

From Wikipedia, the free encyclopedia
(Redirected fromTikona Digital Networks)
Indian internet service provider

Tikona
Company typePrivate
IndustryTelecommunications
Founded2008 (2008)
HeadquartersMumbai,Maharashtra,India
Key people
Prakash Bajpai(Co founder,MD &CEO)
Products
Websitewww.tikona.in

Tikona Infinet Limited (TIL), referred to simply as Tikona, is an IndianInternet service provider based inMumbai. The company started its operations as TDN in 2008 to provide homeWIPRO services. Later the company acquiredHCL Infinet fromHCL Infosystems to expand its data services to Enterprises which is currently operating asTikona Infinet Limited.[1] In March 2017Bharti Airtel acquired Tikona 4G business including wireless broadband access spectrum.[2] After announcement of this deal the home WIPRO business of Tikona Digital Networks Pvt Ltd was absorbed by the Tikona Infinet limited.

Tikona has an all-India Class-A ISP licence granted by theMinistry of Communications,government of India.[3][4]

News

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In January 2014, Tikona received approval from theForeign Investment Promotion Board to raise Rs 2.48 billion ($41.8 million) through foreign direct investment.[5] Tikona requested an increase in the foreign equity participation from 71 per cent to 72.58 per cent through the issue of compulsorily convertible debentures and equity shares to the existing non-resident investors. The IFC funding comes as a part of this fund-raising exercise. These expansion plans will also help provide employment to 350 professionals and create 20,000 indirect jobs in support and facilitation functions over the next five to six years.[5]

In addition, Tikona claims to have invested in ensuring that their services, particularly WIBRO are not harmful to the environment, and to have ensured that energy consumption and emissions are lower than the industry standard.[6]

Investors and Stakeholders

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Tikona Infinet has a group of global investors including Goldman Sachs, Oak Investment Partners, Everstone, L&T Infrastructure Finance Company Limited and International Finance Corporation (IFC), among others.[7]

Current Reach

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Currently postpaid service available in following cities:

Tikona service available in Top 25 cities.[8]
AgraAhmedabadAllahabadBengaluruBhopal
GandhinagarChennaiCoimbatoreDelhiHyderabad
IndoreJabalpurJaipurKolkataKanpur
MumbaiMeerutNagpurLucknowPuneRaipur
RajkotSuratThiruvananthapuramVadodaraVaranasi

References

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  1. ^"Tikona Digital Networks buys HCL Infinet | Business Standard News".Business Standard India. Business-standard.com. 20 January 2011. Retrieved7 May 2015.
  2. ^"Airtel to buy Tikona's 4G business for Rs 1,600 crore". 23 March 2017.
  3. ^"About India's Largest Internet Service Providers (ISP) Tikona".
  4. ^Clemens, Michael J.; Elia, Androulla; Morley, Simon J. (2013)."Requirement for the eIF4E binding proteins for the synergistic down-regulation of protein synthesis by hypertonic conditions and mTOR inhibition".PLOS One.8 (8): e71138.Bibcode:2013PLoSO...871138C.doi:10.1371/journal.pone.0071138.ISSN 1932-6203.PMC 3733773.PMID 23940704.
  5. ^ab"Tikona Digital Networks: Biding its time for launching 4G". Tele.net.in. Retrieved7 May 2015.
  6. ^"Tikona Internet: Tikona's Green Broadband Initiative". Tikonainternetplans.blogspot.in. 15 January 2015. Retrieved7 May 2015.
  7. ^ETTelecom.com."Tikona will have enough resources to grow after Airtel deal: Prakash Bajpai, CEO – ET Telecom".ETTelecom.com. Retrieved14 January 2020.
  8. ^"Coverage – Tikona Digital Networks". Tikona.in. Retrieved7 May 2015.

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