EY refers to the global organization, and may refer to one or more, of the member firms of Ernst & Young Global Limited, each of which is a separate legal entity. Ernst & Young Global Limited, a UK company limited by guarantee, does not provide services to clients.
Recent Searches
EY has successfully advised on the sale of Tower Vision India to Ascend Telecom and Global Infrastructure Partners (GIP).
EY acted as the sell-side M&A banker to Tower Vision Mauritius. This marks the largest M&A transaction in digital infrastructure since the launch of 5G in India.
GIP’s bolt-on acquisition makes Ascend Telecom the fourth largest player in the telecom tower space in India.
Tower Vision India (TVI) is an independent tower management company providing passive telecom infrastructure services pan-India. TVI engages in ownership, management and operation of communication towers of all types on build-own-operate basis, providing plug and play solutions to telecom service providers.
Global Infrastructure Partners (GIP) is one of world's largest infrastructure investors, with an AUM of over US$100 billion. GIP has vast experience in managing infrastructure projects in emerging economies, including in the tower industry in India through Ascend Telecom.
EY acted as the sell side M&A banker on this transaction - the largest M&A transaction in digital infrastructure space since the launch of 5G in India. Having mobilised c. US$1 billion of capital in the last 12 months for this new age infra-asset class, we continue to retain our market leading investment banking position in Indian infrastructure.