Infrastructure Company, Viom Networks has decided to postpone its initial public offering (IPO) from December 2015 to March -April 2016. The company’s board will make the final decision regarding the same in August 2015.

The discussions over IPO come as part of Viom’s plans to raise over Rs 10 billion. These funds will be utilised to expand its tower base to meet capacity demand for data services. According to the company, it is expecting an additional demand of nearly 200,000 sites over the next 18 months.

Presently, Tata Teleservices holds 54 per cent stake in Viom while Kolkata-based Srei own 18.5 per cent stake in the company. The balance shares are held by private equity firms such as Macquarie SBI Infrastructure, GIC Investments, IDFC Private Equity and Funderburk Mauritius (Oman Investment Fund).