Tower Vision
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.[1] 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.[2] In 2010, Quadrangle Capital Partners led a consortium to invest up to $300 million in Tower Vision.[3] Other investors include the Israel-based Fore Group and Mivtach Shamir (Meir Shamir) Real Estate.[4] In 2011, they received a $700 million acquisition offer for Tower Vision, but turned it down.[5] In 2014, RJIL, the telecom division of Reliance Industries Limited signed an agreement with Tower Vision to utilize their infrastructure for their 4G network.[6] In 2016, Bharti Infratel showed interest in acquiring Tower Vision India,[7] 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.[8] References
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