Date: 21/11/2010

Aditya Birla Capital Advisors invest Rs. 95 crore in Alphion India

Aditya Birla Capital Advisors (ABCAP), the private equity arm of the Aditya Birla Financial Services Group (ABFSG),has announced an investment of Rs. 95 crore from Aditya Birla Private Equity - Fund I in Alphion India Private Limited (AIPL), today. AIPL is the principal subsidiary of Princeton, USA based Alphion Corporation (Alphion).

Alphion develops, manufactures and globally provides optical fiber-to-the-premises (FTTx) access systems.

Commenting on the occasion, Bharat Banka, Chief Executive Officer, Aditya Birla Capital Advisors Pvt. Ltd. said "Alphion is a unique play in the telecom sector offering proprietary R&D based, very high speed optical networking systems and solutions which empower carriers and local service providers to deliver high quality services with substantially lower operating costs. Apart from India where we expect encouraging growth prospects with investments in broadband and data services infrastructure, Alphion is also positioned to capture customers in other emerging markets. We are excited to partner with Alphion and play a value-added role".

"We are pleased to have ABCAP join us as a major partner" commented Dr. Bharat P. Dave, Chairman and Managing Director of AIPL and Chairman, President and CEO of Alphion Corporation, "Their strong endorsement of Alphion and our vision will allow us to continue to be a leading provider of FTTx network solutions in India as well as other emerging global markets."