Tano Capital Invests INR 500 Million in Icomm Telecommunications Ltd.

Friday March 28 8:00 PM

Promoted by P. Ramarao, a first generation entrepreneur, ICOMM is one of the largest manufacturers and turnkey solution providers of telecom equipment and telecom infrastructure in India. ICOMM is also one of India's largest manufacturers of power transmission towers.

ICOMM's management team is headed by C.S. Rao, a graduate of IIT Chennai. Mr. Rao has been in the telecom industry for more than 25 years, having previously worked as a Managing Director at different times for Tellabs and Lucent India. Mr. Rao is supported by a team of professionals with long standing experience in their respective areas of expertise.

ICOMM's clients include leading names in India's telecom and power industries, such as Airtel, Alcatel, BSNL, the Government of India, MTNL, Nokia, PowerGrid Corporation of India, Reliance, Vodafone, several state electricity boards and the Ministry of Defense.

William G. Knuff, III, a Managing Director at Tano Capital, said, "We are very pleased to have the opportunity to invest in ICOMM. We like the management team, the business, and the growth prospects for this ancillary business to the telecom and power sectors. Our local partners did a fine job sourcing this opportunity; it nicely fit our key investment criteria and we look forward to a fruitful relationship."

Tano Capital, LLC is an alternative asset management firm, founded by Charles E. Johnson (formerly Co-President of Franklin Templeton Investments and CEO of Templeton Worldwide), that makes private equity investments into rapidly growing private companies in India and China. Tano Capital currently has offices in Mumbai, Shanghai, Taipei, Tianjin, Mauritius, Vietnam and San Mateo. For more information, please visit our website at www.tanocapital.com.

Contact:

Tano Capital, LLC
Candace Prokopets, 650-292-7831
cprokopets@tanocapital.com

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