Tower Vision India Pvt. Ltd. announced that it has secured expansion equity capital from a consortium of international investors led by Quadrangle Capital Partners, a global private investment firm focused exclusively on investing in the communications, media, and business and information services industries.

The equity financing, together with a concurrent debt financing, will provide the Company with over US$300 million in expansion capital. Proceeds from the capital raised will be used to fund the accelerating growth of the business and significantly expand the Company’s tower portfolio.

Tower Vision claims to be the second largest independent tower management company in India with more than 5,000 sites across 14 circles.

Tower Vision CEO, Amit Ganani, confirmed the deal stating, “ We are delighted that a group of international investors, led by Quadrangle, has decided to invest their capital and strategic resources to support our business as we continue to expand aggressively. Our focus will remain on supporting our customers with the highest level of service and quality passive infrastructure solutions, as they continue to expand their coverage and capacity.”

Mr. Edward Sippel, a Managing Principal based in Quadrangle’s Hong Kong office, said, “Quadrangle is very excited to be supporting the Company and its outstanding management team to further accelerate the Company’s expansion and capitalize on the growth potential of India’s telecommunications sector. This investment is a great opportunity to obtain exposure to one of the fastest growing wireless markets in the world, and we believe the Company is well positioned with its high quality and rapidly expanding tower portfolio.”

Quadrangle was joined in this round of funding by seven global institutional investors. Terms of the investment have not been disclosed.