Devas’ backers are seasoned operating and investment companies including Deutsche Telekom AG, Columbia Capital LLC, and Telcom Ventures LLC. They have a successful track record of driving innovation in the satellite, communications, media, and technology sectors.
Deutsche Telekom AG, originally the state PTT operator in Germany, is the fourth largest company in Germany and one of the leading telecommunications, media, and information technology service companies in the world with almost 200 million customers worldwide. A model of public-private partnership, the German government owns nearly 32% of Deutsche Telekom AG. In 2009, Deutsche Telekom AG generated revenue of Rs 386,500 Crore, over half of it outside of Germany. Deutsche Telekom AG provides network access, voice communication services, data communication services, and media entertainment services via wireline and wireless networks in over 50 countries through its T-Mobile, T-Home, and T-Systems divisions.
Columbia Capital, LLC is a premier private equity firm with a successful track record of investments in the satellite, wireless, broadband, media, and information technology areas. Columbia Capital has invested in over 120 companies, many of which have provided cutting edge and “new to the world” products and services including MetroPCS, Mobile Satellite Ventures, SkyTerra, Nextel Communications, XM Satellite Radio, and TerreStar. Columbia Capital is currently investing its fourth venture fund, with total capital under management of over Rs. 9,350 Crore.
Telcom Ventures, LLC, founded by successful telecommunications entrepreneur and distinguished and honoured alumnus of IIT Kanpur Dr. Rajendra Singh, invests in and develops innovative businesses in the United States, Latin America, Europe, and Asia. Telcom Ventures’ primary focus is in the arena of wireless communications, including cellular, satellite, broadcast, Internet, and emerging wireless technologies. Telcom Ventures holds numerous technology patents in the field of wireless communications and has invested in many leading companies such as XM Satellite and SkyTerra.
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The information contained herein is for general informational purposes only and the company does not warrant or provide any representations on its accuracy in the event of omissions or errors.