Investors include Daiwa Securities Group, Daiwa Securities SMBC Principal Investments Company, Ridgeway Capital Partners and India Knowledge Fund and SBICAPS, amongst others, a press release issued here stated.
India Knowledge Fund is a private equity fund of Japan-based SBI Holdings Inc.
The financing has been earmarked for continued expansion of international operations and deployments, including ongoing support of the industry's largest WiMax network with Bharat Sanchar Nigam Ltd (BSNL).
Earlier this year, BSNL and Soma had announced an agreement to roll-out a mobile WiMax network across three of India's fastest-growing circles
