Spotlight: Can GIP-owned Ascend Telecom hold its ground in a duopolistic sector?

Last year, US-based private equity firm Global Infrastructure Partners (GIP) stitched a bolt-on deal in India through its portfolio company Ascend Telecom Infrastructure Pvt Ltd. The deal made Ascend India’s third-largest telecom tower operator in the private sector. For any company in any other industry, the third rank might be ......