Discussion : Future of Tikona

In the begining of August this year Tikona got nod from the Finance Ministry on the basis of the recommendations made by the Foreign Investment Promotion Board (FIPB), for the issuance of CCDs worth Rs 267 crore thereby increasing foreign equity to 76.73 per cent. It means Tikona can now attract FDI of Rs 267 crore. By the last week of August, Tikona has raised $171 million for import of capital goods, as reported.

Founded in 2008, Tikona is brain child of Prakash Bajpai who is founder, MD and CEO of the company. Tikona is funded by several private equity companies.

4G/LTE in India: Tikona Digital Networks

Tikona Digital Network (TDN) is a wireless internet service provider (WISP) in India, operating on the free spectrum of 5.8GHz band.

The company is mostly owned by private equity companies like Goldman Sachs Investment Partners (22.8 %), Indivision India Partners (13.46% ), Oak India Investments (23.55% ) and Green Lotus Investments (10.09% ), while the man behind the company Tikona Founder, MD & CEO, Prakash Bajpai owns 2.67 percent, while Tikona Trust owns 26 percent. [source: Medianama] Note that Tikona was founded in 2008 by ex-Reliance Communications employee Rajesh Tiwari and Prakash Bajpai, and bagged class A pan India ISP licence and launched wireless broadband under the brand name of WiBro in 2010 (stands for Wi-reless Bro-adband) to offer fixed broadband experience wirelessly. There is a Korean wireless broadband technology called WiBro but there is no connection between Tikona and this Korean WiBro.