Nokia Growth Partners swaps Web18 holding into Network18 sharesNew Delhi, July 27, 2011 – Network18 Media and Investments Ltd. announces the continuation of its relationship with Nokia Growth Partners (NGP),...
Network18 is a leading media conglomerate in India with over $500M managed annual revenues. Network18 is the partner of choice for global media groups such as Viacom, NBC, TimeWarner (CNN) and Forbes. Network18 operates India’s leading brands in television news, entertainment and home shopping network; Internet travel, financial, e-commerce and entertainment portals; films; business print media; and yellow pages.
“I am delighted to welcome Nokia Growth Partners as a shareholder in Network18. We have shared an excellent relationship with NGP and Nokia and I am sure they will add value to Network18 just as they did at Web18. NGP has actively engaged as a valued advisor on our digital and mobile strategy and facilitated several important partnerships with Nokia across Network18’s portfolio of activities. We look forward to our continued association.”
Raghav Bahl, Managing Director and Founder, Network18