Tikona gets $171 million funding from US-based government agency

Tikona Digital has received funding of $171 million from the Overseas Private Investment Corporation (OPIC), a US-based government development finance agency. The funding, which is a commercial loan, has reportedly put to rest talks regarding the company’s acquisition. The loan will provide Tikona Digital with the liquidity necessary for its revival. The company plans to use the funds to launch a 4G-based home internet network in 60 cities over the next 18 months.