Nokia Growth Partners has invested in Innovis
Telecom Services, a telecom networking service company in India.
The investment is aimed at fueling its growth
across Asia and Africa.
Nokia Growth Partners did not disclose the
size of its investment.
With presence in India, Bangladesh, Indonesia
and multiple countries in Africa, Innovis plans to expand to various markets in
Asia Pacific region. Innovis’ range of services includes network planning,
network deployment, project management (PMO), network optimization for voice
and data networks, managed services and consulting services. Innovis’
customers include telecom operators, telecom vendors and independent tower
“The telecom services industry requires
specific domain expertise with the potential to produce scalable, focused
companies globally,” said SK Acharya, chief operating officer of Innovis.
With $350 million under management, Nokia Growth Partners
invests in companies and people that are changing the global face of mobility,
communications and the Internet. Nokia Growth Partners offers a global
perspective and deep network in the mobile industry to help accelerate
With the Nokia Growth Partners investment
fuelling our expansion plans, we will continue to leverage India to create
value at global level. We are targeting markets with high growth potential and
strong technology evolution roadmap. Leveraging our knowledge and resource base
in India to create an optimized combination of remote and on-site delivery
models, we shall achieve high cost efficiency while maintaining our -first time
right’ quality objective,” said Kapil Sharma, chief marketing officer of
With blue chip customers like Ericsson, Nokia
Siemens Networks, Huawei, Alcatel Lucent, AirTel, Axis Indonesia, MGear, Andrew
Wireless, Viom Networks etc., Innovis is poised to be a major participant in
the upcoming 3G and Broadband Wireless Access network build-outs.
Building quality networks to support the
increasing volume of data driven services is becoming important to all industry
players. We believe Innovis is well positioned to support operators and
equipment vendors in scaling their 3G and LTE networks in a high quality way,”
said Upal Basu, managing director, Nokia Growth Partners.
We also see great opportunity for the
operational model pioneered in India expanding in other markets. Innovis has
deep domain expertise, is well regarded in the industry, and is already
offering a range of advanced consulting and advisory services in South East
Asia and Africa,” Basu added.
By Telecomlead.com Team