CCI approves acquisition of shareholding of Tower Vision India Private Limited by Ascend Telecom Infrastructure Private Limited and GIP EM Ascend 2 Pte. Ltd.

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..... CCI approves acquisition of shareholding of Tower Vision India Private Limited by Ascend Telecom Infrastructure Private Limited and GIP EM Ascend 2 Pte. Ltd.
News and Press Release
Dated:- 4-5- .....

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..... 2023

The Competition Commission of India (CCI) approves the acquisition of shareholding of Tower Vision India Private Limited by Ascend Telecom Infrastructure Private Limited and GIP EM Ascend .....

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..... 2 Pte. Ltd. The proposed combination pertains to acquisition Ascend Telecom Infrastructure Private Limited (Ascend) and GIP EM Ascend 2 Pte. Ltd. (GIP EM) (collectively, Acquirers) of 100 percent of .....

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..... the shareholding of Tower Vision India Private Limited (Target) (Proposed Combination). Acquirers The Acquirers are entirely owned by funds/investment vehicles managed by entities that are ultimatel .....

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..... y controlled by Global Infrastructure Management LLC (GIM LLC). Ascend is engaged in providing passive telecommunication infrastructure services through towers in India while GIP EM is presently not e .....

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..... ngaged in any business operations. Target The Target is controlled by Tower Vision Mauritius Limited and is engaged in the provision of passive telecommunication infrastructure services through towe .....

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..... rs in India. Detailed order of the CCI will follow.
News - Press release - PIB .....

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