Google Capital, a company owned by internet search giant Google is evaluating to buy stake in Tikona Digital Networks, as per a report published in Economic Times. The speculations are rife that internet firm Yahoo and software giant Microsoft are also interested in acquiring stake in the Mumbai-based broadband player, which is seeking funds to launch 4G services in five states in the country. Tikona has 4G licences in Gujarat, Uttar Pradesh (East and West), Rajasthan and Himachal Pradesh.
“It would be an interesting space to watch out for. While on one hand telcos and OTTs are collaborating, they both are also trying to get into each others’ core expertise areas. Google also has deep roots in the US and is a financial muscle as well. India might benefit from someone like them to create an ecosystem of mobile broadband,” says Sanchit Vir Gogia, Founder & Group CEO, Greyhound Knowledge Group.
To read the Full Article, click here: Light Reading