MACQUARIE SBI INFRASTRUCTURE FUND ACQUIRES INTEREST IN VIOM NETWORKS LIMITED

To invest INR 14.2 billion ($US 304 million) Viom plans to add 20-25,000 additional towers in the next two years Targets industry highest tenancy ratio of 2.5x

Mumbai, August 11, 2010: Viom Networks Limited (erstwhile Quippo-WTTIL), Indias leading independent telecom infrastructure company, today announced that a consortium led by Macquarie SBI Infrastructure Fund (MSIF) has acquired an interest in the company for a total consideration of INR 14.2 billion ($US 304 million) from Quippo Telecom Infrastructure Ltd. (QTIL). MSIF is an India focused infrastructure fund that is managed by a joint venture between Macquarie Capital (Macquarie) and the State Bank of India (SBI). Viom Networks is one of Indias leading independent telecom infrastructure companies with over 37,000 towers and with over 80,000 tenants. Quippo Telecom, promoted by the Kanoria family, and Tata Teleservices had entered into an agreement to merge their passive infrastructure businesses to create Viom Networks Limited. The company plans to add around 20-25,000 towers in the next two years while targeting a tenancy ratio of over 2.5x. Mr. Sunil Kanoria, Vice Chairman, SREI said, SREI and other QTIL shareholders like IDFC, GICSingapore and Oman Investment Fund are delighted to have Macquarie and SBI as key investors in Viom. It is extremely encouraging to see these world renowned investors repose faith in the future of Indian Telecom Infrastructure sector. We are proud to be associated with the Tata Group as our Joint Venture partners in this business. We take pride in the fact that we were one of the pioneers in establishing this industry and have been successful in strengthening our position as a leading player in the market within a very short span of five years. We are delighted that this investment has been secured by MSIF. Several other investment opportunities are being evaluated and we expect this acquisition to be one of a number of investments that MSIF will complete in the near future, said Mr. Varun Bajpai, CEO of SBI Macquarie Infrastructure Management Pvt Ltd. The acquisition of interest in Viom Networks Limited is subject to customary regulatory requirements.

About Viom Networks Limited Viom Networks Limited is the pioneer in the Shared Passive Telecom Infrastructure industry in India. In 2009, the parent company - Quippo Telecom Infrastructure Limited (QTIL) announced its partnership with Tata Teleservices Ltd. (TTSL) with the merger of their passive infrastructure businesses, resulting in the formation of a unified entity - Viom. The company further strengthened its leadership position with the acquisition of the tower arm of Tata Teleservices (Maharashtra) Limited in early 2010. Viom is an independent entity with over 37,000 towers and over 80,000 tenants. The company plans to roll-out nearly 20-25,000 additional towers in the next two years and take the tenancy ratio to 2.5x. Viom is the strongest player in neutral host Shared In-Building Communication Solutions (IBS) with installations already completed at most of the major airports. For further information, please contact: Raza Khan Viom Networks Limited M: + 91 9211784892

Sonal Thind Viom Networks Limited M: + 91 9211784692