Viom Networks planning $1.5Bn IPO

Viom Networks, the Indian telecoms infrastructure company, is planning an initial public offering for the first quarter of 2011 to raise up to $1.5 billion. A fund jointly-managed by State Bank of India and Macquarie – SBI-Macquarie Infra Fund – holds an 11 percent stake in the company. Viom is a joint venture between Tata Teleservices and Quippo Telecom.

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