Deal Corner
January 01, 2000
Providence Equity Partners' investment in Aditya Birla Telecom Limited

DEAL BRIEF

Providence Equity Partners, a leading investor in the global private equity industry, has agreed to invest US$ 640 million in Aditya Birla Telecom Limited ("ABTL"), a wireless telecommunications company and a wholly-owned subsidiary of Idea Cellular for a 20% stake. Providence Equity Partners has crossed the US$ 1 billion mark in terms of its investment commitments in India.

ABTL owns the telecom unified access services licence for the Bihar service area and will hold a 16 per cent stake in Indus Towers, a joint venture company formed by Vodafone Essar, Bharti Airtel and Idea Cellular to provide passive infrastructure services. Providence Equity's investment in ABTL is one of the largest private equity investments in India. The investment will help ABTL to fund the network rollout and ongoing operations of ABTL.

OUR ROLE

We, at Nishith Desai Associates, acted as legal counsel to Providence Equity Partners for this investment.

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Deal Corner

January 01, 2000

Providence Equity Partners' investment in Aditya Birla Telecom Limited

DEAL BRIEF

Providence Equity Partners, a leading investor in the global private equity industry, has agreed to invest US$ 640 million in Aditya Birla Telecom Limited ("ABTL"), a wireless telecommunications company and a wholly-owned subsidiary of Idea Cellular for a 20% stake. Providence Equity Partners has crossed the US$ 1 billion mark in terms of its investment commitments in India.

ABTL owns the telecom unified access services licence for the Bihar service area and will hold a 16 per cent stake in Indus Towers, a joint venture company formed by Vodafone Essar, Bharti Airtel and Idea Cellular to provide passive infrastructure services. Providence Equity's investment in ABTL is one of the largest private equity investments in India. The investment will help ABTL to fund the network rollout and ongoing operations of ABTL.

OUR ROLE

We, at Nishith Desai Associates, acted as legal counsel to Providence Equity Partners for this investment.

Read more at:

 

Disclaimer

We expressly clarify that this communication is not a solicitation or an invitation of any sort whatsoever from Nishith Desai Associates or any of its members to create an attorney-client relationship. This communication is not intended to be a source of advertising and the recipient should always seek the advice of competent counsel licensed to practice in the recipient's country/state.

This is not a Spam mail. You have received this mail because you have either requested for it or someone must have suggested your name. Since India has no anti-spamming law, we refer to the US directive, which states that a mail cannot be considered Spam if it contains the sender's contact information, which this mail does. In case this mail doesn't concern you, please unsubscribe from mailing list.

NDA Connect

Connect with us at events, 
conferences and seminars.