Aditya Birla Telecom gets PE funding from Providence Equity Partners

Date August 1, 2008

Aditya Birla Telecom, in a press release mentioned that Providence Equity Partners, a leading private equity fund based out of silicon valley, USA has signed an agreement with the company for investing about $650 million USD in the company to obtain a 20% stake in ABTL. Aditya Birla Telecom is a gully owned subsidiary of Idea Cellular, a company involved in providing mobile phone access and mobile value added services to customers in India.

Category Posted in Indian Private Equity

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