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ATC BROOKFIELD SALE
ATC takes $1.2 bn hit in India exit deal with BrookfieldAmerican Tower Corporation (ATC) reported a $1.2 billion loss from selling its Indian subsidiary, ATC Telecom Infrastructure Pvt Ltd (ATC-T...
From semiconductors to data centres & telecom towers, Brookfield tries to catch trends early and go deep, says Arpit AgrawalBrookfield, a Canadian asset manager, has invested $13 billion in India since 2009, focusing on infrastructure like toll roads and telecom ...
Brookfield concludes ATC India buyout, pips Indus to become India’s top tower companyBrookfield Asset Management, along with partners, has completed the acquisition of American Tower Corp’s India unit, making it the largest ...
Petronas renewable energy arm leads race to climb green tower at BrookfieldMalaysian energy giant Petronas's renewable energy arm Gentari Sdn Bhd is leading the race for a part of India's renewable portfolio from B...
ATC logs $322 mn India goodwill impairment charge for 2023American Tower Corp. informed SEC about $402 million goodwill impairment charges in 2023, linked to business challenges in India. The tower...
Brookfield looking to sell 1.6 GW clean energy India assetsCurrently, Brookfield has about 20 GW of wind and solar assets in operation or in the development pipeline across India. Investment bank JP...
Brookfield seals $2.5-billion all cash deal to acquire ATC IndiaThe acquisition after months of negotiations marks the Boston-based independent tower company’s exit from India. ATC had informed the US Se...
Brookfield to buy ATC Indian business for $2 billion, signing todayI Squared Capital had signed exclusivity with ATC late last year to acquire finalising the terms to acquire around 65% stake in ATC Telecom...
I Squared Capital set to buy majority in ATC India towers bizET was the first to report in its August 23 edition that the two sides had entered into a 60-day exclusivity agreement for bilateral negoti...
I Squared closes in to buy ATC's India telecom towers for $1.5-$2 bnThe two sides have entered into a 60-day exclusivity agreement for bilateral negotiations that could end in ATC selling a minimum of 51% in...
I Squared leads race to acquire ATC's India unitI Squared Capital is evaluating buying around 90% stake in ATC's India unit, ATC Telecom Infrastructure (ATC TIPL), people aware of the dev...
ATC recognises $16 mn 'unrealised loss' in Q1 of 2023 on Voda Idea OCDsAmerican Tower Corp has informed the SEC that it recognised an unrealised loss of almost $16m in Q1 2023, on optionally convertible debentu...
ATC now looks to sell majority, open to 100% sale and exit India, revives talks with BrookfieldTaps US infra fund Stonepeak too for $4 bn valuation, potential buyers differ on price. ATC India portfolio includes 76,826-strong tower as...
Canadian pension fund CDPQ eyes 50% stake in ATC's India unitBoston-based ATC has offered to sell a 50% stake in its wholly owned Indian subsidiary, ATC Telecom Infrastructure Pvt Ltd (ATC TIPL), impl...
BSNL to sell 10,000 towers as part of monetisation plansThe state-owned telecom services provider has pegged the enterprise value of the towers to be sold at ₹4,000 crore and engaged KPMG as a fi...
Vodafone UK in talks to sell residual 21% in Indus TowersVodafone's residual stake of 567.2 million shares in Indus Towers is valued at about ₹11,571 crore, based on the tower company's ₹55,000 cr...
Reliance Communications' Rs 11,000-crore tower deal with Brookfield collapsesRCom's troubles seem far from over despite firefighting measures being initiated by the lenders. The debt-laden company will be shutting do...
ATC to buy 20,000 Vodafone, Idea towers for over $1 billion EVSenior ATC executives, and their counterparts in Idea and Vodafone India, are camping in Mumbai, finalising the contours of the deal.
Brookfield joins race for Vodafone, Idea stakes in Indus TowersIndus is a three-way JV between Vodafone, Bharti Infratel and Idea. Voda and Bharti own 42% each while Idea owns 11.15%. US' Providence own...
Idea Cellular rallies 5% on reports of stake sale in tower armAccording to sources quoted in the report, Idea Cellular is looking to sell 11,000 telecom towers for close to USD 1 billion.