Ardom Telecom acquires Quanta Towergen
Monday, April 10, 2017, 8:04 AM
Ardom, backed by L&T Infra Investment Partners, announced the acquisition of 100% shareholding in Quanta Towergen Pvt. Ltd (QTPL), owned by Quanta Services Netherlands BV, in turn owned by Quanta Services, Inc.. in an all-cash deal. The acquisition is part of Ardom’s strategy to strengthen its fixed energy cost business and is expected to provide Ardom a significant foothold into a fast-growing market.