\"\"KOLKATA: Telecom tower operator Viom Networks<\/a> has decided to push back its initial public offering, or IPO<\/a>, to March-April next year instead of December because market conditions are not as buoyant as they were two months ago, a company director said. Viom<\/a>’s board will meet in late August to take a final call on the IPO depending on prevailing market conditions, Sunil Kanoria<\/a>, director at Viom, told ET. “Even if the board decides on an IPO, it is unlikely before March 2016 as market conditions are not favourable now,” said Kanoria, who is also a joint owner of the company through his Srei Infrastructure.
\n
\nAccording to industry officials, Viom was earlier mulling an IPO by December 2015 to fund growth plans, particularly after its talks to sell controlling stake to American Tower Corp (ATC) have failed over valuations. The company was looking to raise a shade over Rs 1,000 crore to fund tower site expansion amid surging carrier demand for data sites and open an exit route for stakeholders keen to cash out. The company did not reply to ET’s queries on status of deal talks with ATC or on capital raising plans as of press time on Wednesday.
\n
\nTata Teleservices holds 54% in Viom while Kolkata-based Srei own 18.5%. The balance shares are held by a clutch of private equity firms such as Macquarie SBI Infrastructure, GIC Investments, IDFC Private Equity and Funderburk Mauritius (Oman Investment Fund).
\n
\nThe possibility of Viom exploring alternate capital raising avenues comes after its talks with ATC failed over valuations. Viom, according to sources, was pushing for an enterprise value of nearly 12 times its EBITDA, or earnings before interest, taxes, depreciation & amortisation, a key profitability indicator. This would mean an enterprise value of Rs 24,000 crore, well above what ATC offered.
\n
\nA company executive said Viom “is in no tearing hurry to do the IPO” because its internal accruals are strong and its EBITDA is atRs 2,000 crore annually.
\n
\nBut the company needs to expand its tower capacity to meet expected boom in demand, the person said. With incumbent mobile carriers splurging on 3G networks and Mukesh Ambani’s Reliance Jio Infocomm due to launch 4G services by December, Viom expects an additional demand of nearly 2 lakh data sites over the next 18 months.
\n
\n“Accordingly, Viom needs fresh capital to expand its tower infrastructure to be in a position to respond to the anticipated industry demand for sites in coming months,” the company executive said on condition of anonymity.
\n
\nViom also proposes to raise fresh resources to invest in building infrastructure solutions for boosting mobile coverage at airports, malls and large residential and commercial complexes. Stock market sentiment has lately been weak with brokerages keeping a close vigil on developments in Greece, which is on the verge of bankruptcy and possibly exiting European Union, and the progress of monsoon, with the weather office predicting lower than normal rainfall this year. On Wednesday, the key Bombay Stock Exchange Sensex closed 484 points, or 1.72%, down from its previous close in response to massive plunge in Chinese stock markets.
\n
With more than 42,000
towers<\/a>, Viom posted profit before tax of about Rs 250 crore on revenues of more than Rs 5,000 crore for the year ended March. It plans to add more than 2,000 towers this fiscal year. \n<\/body>","next_sibling":[{"msid":47982751,"title":"Reliance Jio, Indus Tower ink MoUs with L&T Metro","entity_type":"ARTICLE","link":"\/news\/reliance-jio-indus-tower-ink-mous-with-lt-metro\/47982751","category_name":null,"category_name_seo":false}],"related_content":[],"seoschemas":false,"msid":47997522,"entity_type":"ARTICLE","title":"Viom Networks pushes back IPO plans to April 2016 as market turn sluggish","synopsis":"The possibility of Viom exploring alternate capital raising avenues comes after its talks with ATC failed over valuations.","titleseo":"viom-networks-pushes-back-ipo-plans-to-april-2016-as-market-turn-sluggish","status":"ACTIVE","authors":[{"author_name":"Kalyan Parbat","author_link":"\/author\/4437\/kalyan-parbat","author_image":"https:\/\/etimg.etb2bimg.com\/authorthumb\/4437.cms?width=250&height=250&imgsize=33990","author_additional":{"thumbsize":true,"msid":4437,"author_name":"Kalyan Parbat","author_seo_name":"kalyan-parbat","designation":"Assistant Telecom Editor at the Level of Senior Assistant Editor","agency":false}}],"Alttitle":{"minfo":""},"artag":"ET Bureau","artdate":"2015-07-09 08:51:27","lastupd":"2015-07-09 08:52:16","breadcrumbTags":["Towers","IPO","Sunil Kanoria","Viom Networks","Viom"],"secinfo":{"seolocation":"viom-networks-pushes-back-ipo-plans-to-april-2016-as-market-turn-sluggish"}}" data-authors="[" kalyan parbat"]" data-category-name="" data-category_id="" data-date="2015-07-09" data-index="article_1">

    Viom网络推动IPO计划2016年4月市场将缓慢

    Viom探索替代融资途径的可能性是与ATC失败后的估值。

    Kalyan尔巴特
    • 更新于2015年7月9日08:52点坚持
    加尔各答:电信运营商Viom网络已经决定推迟其首次公开发行(ipo),还是首次公开募股,明年3 - 4月而不是12月因为市场条件不一样的两个月前,公司董事说。Viom委员会将在8月底的最后呼吁IPO根据当时的市场条件下,苏尼尔KanoriaViom主管告诉ET。”即使董事会决定IPO,它不太可能在2016年3月的市场环境并不有利,”Kanoria说,他也是一个联合基础设施公司的所有者通过他的王宫”计划。

    行业官员表示,Viom被2015年12月早些时候考虑IPO基金增长计划,特别是会谈后将控股权出售给美国塔集团(ATC)没有估值。公司希望筹集一笔超过1000卢比用于塔网站扩张在载体对欧洲汽车的需求日益飙升的数据网站和开放的利益相关者急于套现的出口路线。该公司没有回复等的查询交易状态与ATC或筹资计划周三新闻时间。

    塔塔电信业务持有54% Viom而自己Kolkata-based王宫”计划18.5%。平衡所持有的股份等一批私人股本公司麦格理印度国家银行基础设施,新加坡政府投资公司投资,IDFC私人股本和Funderburk毛里求斯(阿曼投资基金)。

    Viom探索替代融资途径的可能性是与ATC失败后的估值。Viom,据消息人士透露,推动近12倍EBITDA的企业价值,或利息、税收、折旧和摊销,一个关键的盈利能力指标。这将意味着一个企业的价值24000卢比,远高于ATC提供什么。

    一位公司高管说Viom“没有撕裂急于上市”,因为其内部收益强劲,它的EBITDA架atRs每年2000卢比。

    但塔公司需要扩大产能,以满足预期的需求激增,这位人士说。现任移动运营商3 g网络上大肆挥霍和穆凯什•安巴尼的依赖Jio Infocomm由于推出4 g服务在12月,Viom预计额外需求的将近十万的网站在未来18个月的数据。

    “因此,Viom需要新资本扩大塔基础设施在一个位置应对预期的行业网站在未来几个月的需求,”该公司高管表示,在匿名的情况下。

    Viom还提议筹集新的资源投资建设基础设施解决方案推动移动覆盖在机场,购物中心和大型住宅和商业中心。最近股市信心疲弱与券商密切守夜发展在希腊,濒临破产,可能退出欧盟,和季风的进步,天气办公室预测今年的降雨量低于正常水平。周三,关键孟买证交所Sensex指数收盘484点,或1.72%,低于此前在应对巨大的中国股市暴跌。

    有超过42000,Viom税前利润约为250卢比的收入超过5000卢比今年3月结束。它计划增加超过2000塔本财政年度。
    • 发布于2015年7月9日08:51点坚持
    是第一个发表评论。
    现在评论

    加入2 m +行业专业人士的社区

    订阅我们的通讯最新见解与分析。乐动扑克

    下载ETTelec乐动娱乐招聘om应用

    • 得到实时更新
    • 保存您最喜爱的文章
    扫描下载应用程序
    \"\"KOLKATA: Telecom tower operator Viom Networks<\/a> has decided to push back its initial public offering, or IPO<\/a>, to March-April next year instead of December because market conditions are not as buoyant as they were two months ago, a company director said. Viom<\/a>’s board will meet in late August to take a final call on the IPO depending on prevailing market conditions, Sunil Kanoria<\/a>, director at Viom, told ET. “Even if the board decides on an IPO, it is unlikely before March 2016 as market conditions are not favourable now,” said Kanoria, who is also a joint owner of the company through his Srei Infrastructure.
    \n
    \nAccording to industry officials, Viom was earlier mulling an IPO by December 2015 to fund growth plans, particularly after its talks to sell controlling stake to American Tower Corp (ATC) have failed over valuations. The company was looking to raise a shade over Rs 1,000 crore to fund tower site expansion amid surging carrier demand for data sites and open an exit route for stakeholders keen to cash out. The company did not reply to ET’s queries on status of deal talks with ATC or on capital raising plans as of press time on Wednesday.
    \n
    \nTata Teleservices holds 54% in Viom while Kolkata-based Srei own 18.5%. The balance shares are held by a clutch of private equity firms such as Macquarie SBI Infrastructure, GIC Investments, IDFC Private Equity and Funderburk Mauritius (Oman Investment Fund).
    \n
    \nThe possibility of Viom exploring alternate capital raising avenues comes after its talks with ATC failed over valuations. Viom, according to sources, was pushing for an enterprise value of nearly 12 times its EBITDA, or earnings before interest, taxes, depreciation & amortisation, a key profitability indicator. This would mean an enterprise value of Rs 24,000 crore, well above what ATC offered.
    \n
    \nA company executive said Viom “is in no tearing hurry to do the IPO” because its internal accruals are strong and its EBITDA is atRs 2,000 crore annually.
    \n
    \nBut the company needs to expand its tower capacity to meet expected boom in demand, the person said. With incumbent mobile carriers splurging on 3G networks and Mukesh Ambani’s Reliance Jio Infocomm due to launch 4G services by December, Viom expects an additional demand of nearly 2 lakh data sites over the next 18 months.
    \n
    \n“Accordingly, Viom needs fresh capital to expand its tower infrastructure to be in a position to respond to the anticipated industry demand for sites in coming months,” the company executive said on condition of anonymity.
    \n
    \nViom also proposes to raise fresh resources to invest in building infrastructure solutions for boosting mobile coverage at airports, malls and large residential and commercial complexes. Stock market sentiment has lately been weak with brokerages keeping a close vigil on developments in Greece, which is on the verge of bankruptcy and possibly exiting European Union, and the progress of monsoon, with the weather office predicting lower than normal rainfall this year. On Wednesday, the key Bombay Stock Exchange Sensex closed 484 points, or 1.72%, down from its previous close in response to massive plunge in Chinese stock markets.
    \n
    With more than 42,000
    towers<\/a>, Viom posted profit before tax of about Rs 250 crore on revenues of more than Rs 5,000 crore for the year ended March. It plans to add more than 2,000 towers this fiscal year. \n<\/body>","next_sibling":[{"msid":47982751,"title":"Reliance Jio, Indus Tower ink MoUs with L&T Metro","entity_type":"ARTICLE","link":"\/news\/reliance-jio-indus-tower-ink-mous-with-lt-metro\/47982751","category_name":null,"category_name_seo":false}],"related_content":[],"seoschemas":false,"msid":47997522,"entity_type":"ARTICLE","title":"Viom Networks pushes back IPO plans to April 2016 as market turn sluggish","synopsis":"The possibility of Viom exploring alternate capital raising avenues comes after its talks with ATC failed over valuations.","titleseo":"viom-networks-pushes-back-ipo-plans-to-april-2016-as-market-turn-sluggish","status":"ACTIVE","authors":[{"author_name":"Kalyan Parbat","author_link":"\/author\/4437\/kalyan-parbat","author_image":"https:\/\/etimg.etb2bimg.com\/authorthumb\/4437.cms?width=250&height=250&imgsize=33990","author_additional":{"thumbsize":true,"msid":4437,"author_name":"Kalyan Parbat","author_seo_name":"kalyan-parbat","designation":"Assistant Telecom Editor at the Level of Senior Assistant Editor","agency":false}}],"Alttitle":{"minfo":""},"artag":"ET Bureau","artdate":"2015-07-09 08:51:27","lastupd":"2015-07-09 08:52:16","breadcrumbTags":["Towers","IPO","Sunil Kanoria","Viom Networks","Viom"],"secinfo":{"seolocation":"viom-networks-pushes-back-ipo-plans-to-april-2016-as-market-turn-sluggish"}}" data-news_link="//www.iser-br.com/news/viom-networks-pushes-back-ipo-plans-to-april-2016-as-market-turn-sluggish/47997522">