Delta Partners, Vox Spectrum ink investment deal
Dubai, June 29, 2009
Delta Partners Mena Telecom Fund, a private equity fund managed by Delta Partners and focused on investments in telecom, media and technology in high growth markets, has announced plans to invest in Dubai-based Vox Spectrum Limited.
Delta Partners is a leading management advisory and investment firm specialised in Telecommunications, Media and Technology in emerging markets.
Under the agreement, Delta Partners and Vox Spectrum will work together to further consolidate and expand Vox Spectrum's existing presence in Middle East and India.
The duo will focus on the three core product lines - telecom engineering, software solutions and electronic products distribution.
"Our commitment is to make Vox Spectrum Limited, and its group companies, significant players in all markets we operate in," said Saud Al Amiry, chairman of Vox Spectrum, an technology and telecom group of companies with offices in the US, the UAE, Saudi Arabia and India.
The company is involved in the design, engineering, construction, installation and maintenance of a broad range of voice, data, video and wireless infrastructure solutions for clients worldwide.
"With the additional backing of Delta Partners, and their insights on the telecom sector, we hope to gain valuable market share faster than anticipated," Al Amiry noted.
Vinod Krishnan, Vox Spectrum CEO and managing director, said the company designs and commissions wireless radio solutions, build mobile telephony infrastructure, implement electronic engineering services, provide voice capturing solutions and distribute telephony headset solutions.
"Over the years we have built a client base that has been appreciative of our quality delivery and support. We feel assured that Delta Partners advisory skills and experience in the telecom sphere would enhance our capabilities to continue delivering consistent returns to all our stakeholders," he noted.
Commenting on the deal, Kristoff Puelinckx, managing partner at Delta Partners, said, "We believe that the Vox Spectrum Limited group of companies is a unique platform in the Middle East and in India."
This is the fifth investment deal completed by Delta Partners Mena Telecom Fund, said a top company official. In December last year, Delta Partners had co-invested with the Abu Dhabi Investment Company in the acquisition of Orasinvest from Orascom.
In addition to previous investments Delta Partners has also co-invested along with Virgin Group in Trivon AG, a provider of fixed wireless internet access in Russia.
"We are convinced that Delta Partners can add value to the operation through our integrated advisory and investment business model, providing specialized hands-on support from our industry-focused and experienced professionals," he added.-TradeArabia News Service