ROI Acquisition Corp. II (NASDAQ: ROIQ; ROIQW; ROIQU) and Ascend Telecom Holdings Limited said they have agreed to amend the merger agreement relating to the business combination among ROI, Ascend Holdings and Ascend Telecom Infrastructure Private Limited.
Ascend India is currently majority-owned by subsidiaries of funds managed by New Silk Route Advisors, LP.
The special meeting of stockholders of ROI to approve the business combination will be held on October 23, 2015, at 9:00 a.m.
ROI is a special purpose acquisition company formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination involving ROI and one or more businesses. ROI is a Delaware corporation formed in 2013.
Ascend India, a private limited company incorporated in March 2002 under the Indian companies Act in the Republic of India, is an independent owner and provider of passive telecommunications infrastructure on a shared, multi-tenancy basis for all 11 wireless operators in India. As of March 31, 2015, Ascend India had 4,843 towers and 8,769 tenants.