Tikona To Buy HCL Infinet

Tikona Digital Networks ready to acquire HCL Infinet. The deal is subject to approval by regulatory approvals. There's no official word on the details of the acquisition and pricing.

Harsh Chitale, the chief executive of Infinet said -
<blockquote>"HCL Infinet is today poised to take on a different growth trajectory and is best suited to further strengthen an enterprise like Tikona focused on delivering ISP and NLD services in the fast emerging telecom industry."</blockquote>
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Tikona HCL Infinet Acquisition

HCL Infinet decided to offload Infinet division as it's trying to focus on other growth areas and its core businesses. The company had began operations in India in 2000 to offer Class “A” ISP, ITSP and NLD services. The company is owned by HCL group.

Tikona Digital Networks (TDN) is relatively a newer company founded in 2008 by veterans from telecom industry with experience in building largest Indian mobile, broadband and enterprise networks.