PE giants join race for stake in Viom.

Large private equity (PE) funds have joined the race for a stake in telecom tower company Viom Networks. Sources said buyout PE giants Apollo, Bain Capital and Advent International were interested in getting a significant minority stake in the company.

About 45 per cent stake in Viom is held together by Srei Infrastructure and other PE investors. Viom has appointed Credit Suisse and Citi for the fund-raising. The Kanorias of SREI own 18 per cent and control management of the company, majority owned by Tata Teleservices (54 per cent) with the rest owned by IDFC Private Equity, SBI Macquarie, Oman Investment Fund and GIC of Singapore.

BS