Cisco in talks to buy out Airtel-Vodafone Idea WiFi JV

New Delhi: Cisco Systems is in advanced talks to buy out Airtel-Vodafone Idea’s WiFi joint venture (JV) for an enterprise value of Rs 200 crore, according to sources aware of the matter.

A team of executives from the US technology and networking company was in India last week to finalise the deal negotiations.

The Airtel-Vodafone Idea JV was set up in 2014 and named FireFly Networks. However, industry insiders claim the collaboration failed to take off as neither of the partners committed investments to the company.