Tikona Digital Networks has signed an agreement to acquire HCL Infinet, the wholly-owned subsidiary of HCL Infosystems. The acquisition is subject to regulatory approvals.
This is seen as a part of HCL Infosystem’s strategy to focus on its primary strengths of IT services and distribution.
“HCL Infinet is poised to take a different growth trajectory and we believe that its future plans will be better served by merging with Tikona who is a pure-play ISP and NLD service provider. HCL on the other hand plans to focus on its systems integration and product engineering business. This is a step towards further consolidating and strengthening our core business,” said Harsh Chitale, Chief Executive Officer, HCL Infosystems.
Tikona started as an ISP in 2008 serving the Mumbai market, and has been expanding across the country with services for both consumer and enterprise segments. Its primary focus is to offer wireless broadband connectivity. The company is also expanding its channel network to target the enterprise business.
HCL Infinet started its ISP and NLD operations in 2000 and holds the Class A ISP license. Its customer base largely consists of enterprise customers.
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