M&A Deal Summary

Bharti Airtel Acquires Tikona Digital Networks Pvt. - 4G Business

On March 24, 2017, Bharti Airtel acquired communications company Tikona Digital Networks Pvt. - 4G Business from Tikona

Acquisition Highlights
  • This is Bharti Airtel’s 4th transaction in the Communications sector.
  • This is Bharti Airtel’s 3rd transaction in India.

M&A Deal Summary

Date 2017-03-24
Target Tikona Digital Networks Pvt. - 4G Business
Sector Communications
Buyer(s) Bharti Airtel
Sellers(s) Tikona
Deal Type Divestiture

Target

Tikona Digital Networks Pvt. - 4G Business

India
Tikona's 4G Business is a high speed mobile data service serving Indian consumers and businesses.

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Buyer(S) 1

Buyer

Bharti Airtel

New Delhi, India

Category Company
Founded 1995
Sector Communications
Employees18,317
Revenue 1.50T INR (2024)
DESCRIPTION

Bharti Airtel is a global telecommunications company with operations in 20 countries across Asia and Africa. Bharti Airtel was founded in 1995 and is based in New Delhi, India.


DEAL STATS #
Overall 4 of 7
Sector (Communications) 4 of 6
Type (Divestiture) 1 of 2
Country (India) 3 of 5
Year (2017) 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-03-24 Tikona

Mumbai, India

Tikona engages in building the next-generation wireless broadband services for home and enterprise customers in India. TDN has an all-India Class-A ISP license granted by the Ministry of Communications, Govt. of India, for this purpose. Tikona was founded in 2008 and is based in Mumbai, India.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-12-04 Juggernaut Books

India

Juggernaut Books is a platform to find and read high quality, affordable books and to submit your writing. Juggernaut Books was founded in 2015 and is based in India.

Buy -

Seller(S) 1

SELLER

Tikona

Mumbai, India

Category Company
Founded 2008
Sector Communications
DESCRIPTION

Tikona engages in building the next-generation wireless broadband services for home and enterprise customers in India. TDN has an all-India Class-A ISP license granted by the Ministry of Communications, Govt. of India, for this purpose. Tikona was founded in 2008 and is based in Mumbai, India.


DEAL STATS #
Overall 1 of 1
Sector (Communications) 1 of 1
Type (Divestiture) 1 of 1
Country (India) 1 of 1
Year (2017) 1 of 1