Oman Investment Fund

3i has made its second investment in two days as it returns to a third round of $125m fundraising for an Indian broadcaster alongside a US supplier of networking equipment for the internet and Oman Investment Fund.

Private equity deal volume in India in 2009 declined 48% compared to 2008, but the number of exits increased to 66 from 36 in the same period.

The New York-based firm has led seven other investors in backing Tower Vision, as they look to capitalise on India's rapidly growing wireless telecoms market.

India is the world’s second largest market in terms of mobile phone subscribers and also one of its fastest-growing. With more than 60 percent of the population still without access to telephones, there are opportunities aplenty for private equity – as recent deals show.

Take up of the pilot policy to allow foreign ‘equity investment management enterprises’ in the Shanghai New Pudong Area has been low.

The India-focused private equity firm is reportedly upping its stake in the publicly traded telecom infrastructure company.