Olive Telecom is planning to raise funds through PE by diluting minority stake and is in talks with PE firms for the same.
Its plans to utilise the funds for its expansion plans and to launch new products.
It plans to invest Rs.100 Cr on brand building and R&D in the next 18 months.
Transaction Reference: HBL
Founded in 2006, Olive telecom manufactures and sells mobile handsets, wireless modems and netbooks and other connected devices. it also has a Qualcomm technology licensee with R&D investments in India and China.
Olive telecom reported a turnover of Rs.550 Cr in 2009-10.
Olive brand works with 28 carriers worldwide and has so far sold 20 million devices.
It recently launched India's first 3.5G tablet PC called 'OilvePad - VT100' which runs on Google Android Operating System.
In the telecom space, Tikona Digital raised over Rs.1,110 Cr ($250 Mn) through various instruments; Spice Mobility has planned to raised Rs.300 Cr through sale of treasury shares and One 97 has filed DRHP to raise Rs.120 Cr.
Nu Tek India is raising $35 Mn through GDRs to fund its expansion plans.
| |
4126
3836
944
4256
972
|
|
17633
42
1639
25439
3002
|
|
1343
458
3139
32625
140
|
|
24534
|
|
KVEZAR VIEW
| Date | Transaction | Type | Buyer | Size ($mn) |
| 11/08/10 |
Olive Telecom - Fund Raising |
Private Equity |
|
- |
| Date | Type | Buyer | Target | Size ($mn) | State |
| 07/05/12 |
Private Equity |
Looking For |
Kavveri Telecom Infrastructure Limited |
20.00 |
Planned |
| 16/04/12 |
Private Equity |
GIC Special Investments Pte Limited |
Tulip Telecom Limited |
- |
Completed |
| 11/04/12 |
M&A |
Bharti Airtel Limited (Formerly Bharti Televentures Limited) |
4G Licenses |
1164.82 |
Planned |
| 15/03/12 |
M&A |
Spreadtrum Communications |
Micromax Informatics Limited |
10.00 |
Completed |
Company |
| Name | Promoters | Office | Competitor | Website |
| Olive Telecommunication Private Limited |
Arun Kishore Khanna
Ritu Khanna |
A-101/3, SFS Flats, Saket, New Delhi - 110017, Delhi. |
|
www.olivetelecom.in |
