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

By Aman Malik

  • 04 Apr 2024
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Credit: VCCircle

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 ......

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