About Viom Networks
Viom Networks currently owns and operates approximately 42,200 wireless communications towers and 200 indoor distributed antenna systems across India. As catalysts of Indiaʼs mobile revolution, Viom Networksʼ end-to-end telecom infra solutions portfolio is enabling a ʻsmarter Indiaʼ.
Latest Viom Networks News
Mar 29, 2021
The telecom tower market is expected to grow at a compound annual growth rate of 6.04% over the forecast period to reach a market size of US$105.262 billion in 2026 from US$74.038 billion in 2020. Telecom Tower Market refers to the infrastructure provided by the telecom players under the private ownership, shared infrastructure service or as a joint venture to provide the services of connection or data to the wide audience. The telecom tower infrastructure carriers operated on the model of finding the property to install the tower at the reasonable price, having permits arranged and constructing the facility on the behalf of the telecom companies in return for a rent. This modus operandi has remained for a substantial period under the telecom tower space with the intent of increasing the customer base. The sector has witnessed growth in terms of service streams to mobile connections, broadband, internet and others. However, despite such advancements at the global level, As per IFC reports, there are 3 billion people across the globe remaining unconnected to the telecommunications. This calls for the last mile connectivity programs from telecommunications service and tower infrastructure providers. With the change in the market dynamics, the telecom tower companies are now motivated to undertake the route of digital transformation with advancement in technology to 5G, growing competition, altering the tower specifications, and increasing rural markets customer base. Such changes have changed the towers to fibre telecommunications towers, active towers and data consoles. Upgraded the applications from simple telephone services, broadband to the running of e-commerce businesses and many more. However, there remain concerns over gaining permits and access to the construction of towers and lack of skilled labour to undertake the construction work. Under the COVID-19 scenario, Even though the telecommunications sector declined in the initial lockdown phase but have revived eventually as the telecom tower has been a massive support for the extending the services to further run businesses online, enabling corporates to extend work from home opportunity, and keeping the individuals connected for medical support, and other necessities. For lockdown scenario, the tower market has taken brunt because the supply chain for the basic materials used for the installation of towers was disrupted, lack of skilled and unskilled labour due to migration, difficult to undertake maintenance operations and volatility across the markets incurring huge losses with the tower construction project delays. This rebounded as the customers shifted to online turning up the demand for telecommunications infrastructure by the 2020 year-end. The tower firms have witnessed demand from the newer areas as well which did not has connections before emerging as greenfield market. The revival of the tower industry under the revival scenarios is attributed to the exemption for a telecommunications tower under the containment zones, the shipping and the supply chain resumes at the year-end, and an adequate workforce willing to resume to work. Companies Mentioned
Viom Networks Frequently Asked Questions (FAQ)
Where is Viom Networks's headquarters?
Viom Networks's headquarters is located at Maruti Industrial Complex, Gurgaon, Haryana.
What is Viom Networks's latest funding round?
Viom Networks's latest funding round is Corporate Majority.
Who are the investors of Viom Networks?
Investors of Viom Networks include American Tower, Tata Teleservices and SREI Infrastructure Finance.