M&A Deal Summary

VI Acquires Aditya Birla Telecom

On September 17, 2018, VI acquired communications company Aditya Birla Telecom from Providence Equity Partners

Acquisition Highlights
  • This is VI’s 1st transaction in the Communications sector.
  • This is VI’s 1st transaction in India.

M&A Deal Summary

Date 2018-09-17
Target Aditya Birla Telecom
Sector Communications
Buyer(s) VI
Sellers(s) Providence Equity Partners
Deal Type Merger

Target

Aditya Birla Telecom

Mumbai, India
Aditya Birla Telecom provides cellular telecommunication services. Aditya Birla Telecom was founded in 2005 and is based in Mumbai, Maharashtra.

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Buyer(S) 1

Buyer

VI

Mumbai, India

Category Company
Founded 1995
Sector Communications
Employees9,985
Revenue 434.6B INR (2025)
DESCRIPTION

VI provides pan India Voice and Data services across 2G, 3G and 4G platform. The Company is developing infrastructure to introduce newer and smarter technologies, making both retail and enterprise customers future ready with innovative offerings, conveniently accessible through an ecosystem of digital channels as well as extensive on-ground presence. VI was founded in 1995 and is based in Mumbai, India.


DEAL STATS #
Overall 1 of 1
Sector: Communications M&A 1 of 1
Type: Merger M&A Deals 1 of 1
Country: India M&A 1 of 1
Year: 2018 M&A 1 of 1

Seller(S) 1

SELLER

Providence Equity Partners

Providence, Rhode Island, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1989
PE ASSETS 36.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Providence Equity Partners is a specialist private equity firm that targets investments in media, entertainment, communications, and information companies. Specifically, Providence seeks investments in wireless and wireline telephony, cable television content and distribution, music, film, publishing, radio and television broadcasting, and other media and communications sectors. Providence Equity looks to commit $150 million to $800 million of equity capital in transactions ranging from growth financings and recapitalizations, to buyouts and take-privates. Providence Equity Partners was formed in 1989 and has offices in Providence, Rhode Island; New York, New York; Los Angeles, California; London, United Kingdom; Hong Kong, China; and New Delhi, India.


DEAL STATS #
Overall 69 of 102
Sector: Communications M&A 16 of 18
Type: Merger M&A Deals 4 of 7
Country: India M&A 4 of 5
Year: 2018 M&A 3 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-08-08 KPA

Lafayette, Colorado, United States

KPA is a provider of cloud-based EHS risk management solutions for the automotive, collision repair, manufacturing, insurance, and distribution & logistics industries. KPA’s innovative software platform combined with recurring on-site audit/loss control services delivers a comprehensive solution that helps 10,000+ client locations achieve regulatory compliance; control risk; protect assets; and effectively train, retain, and manage people. KPA was founded in 1986 and is based in Lafayette, Colorado.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-10-23 Hathway Cable & Datacom

Mumbai, India

Hathway Cable & Datacom is a cable broadband service provider. Hathway Cable & Datacom was founded in 1959 and is based in Mumbai, India.

Sell -