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ATC FINANCIAL HIT
Airtel Africa’s lease liabilities jump $1.2 bn post-contract renewals with US-based ATCBharti Airtel's Africa unit extended its tower lease pacts with American Tower Corp, increasing lease liabilities by $1.2 billion. This cou...- 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...
- 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 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...
- ATC finances could take a hit due to Voda Idea payment woes: annual reportThe Boston-based tower company added it would periodically evaluate the carrying value of its Indian assets, which may result in realisatio...
- Stocks in news: ZEE Entertainment, Wipro, Laxmi Organics, Mahindra LogisticsVodafone Idea's Board has allotted a total of 12,000 number of unsecured, unrated and unlisted optionally convertible debentures of the fac...
- UP lagging behind other states in delivering renewable energy targets: ReportA joint report by the Institute for Energy Economics and Financial Analysis (IEEFA) and energy think tank Ember also highlighted that the s...
- Telecom gear vendors, tower companies expect better prospects after AGR clarityThe AGR ruling of the nation’s top court coupled with VIL’s plans to go for an aggressive Rs 25,000-crore fundraise and stay competitive, h...
- Telcos' dues, penalties to weigh heavily on vendors, tower cosBharti Infratel, Indus Towers and American Tower Corp (ATC) are bracing for a possible hit on their tower tenancies, because of the financi...
- Shooting down Mi17 a big mistake: IAF ChiefCourt of inquiry concludes friendly fire brought down chopper on February 27; officers to face court-martial.
- RCom lenders may get only Rs 10,000 crore against Rs 49,000 crore claims53 lenders have raised claims of Rs 57,382 cr, of which Rs 49,223 cr had been verified by Deloitte.
- Bharti infratel & Indus Towers seeks Rs 4,500 crore from Voda Idea as exit penaltyAlong with Indus, Bharti Infratel has asked Voda Idea to pay for vacating tower slots prematurely.
- Telcom operators resist tower firms’ bid to increase rentalsMarket leader Indus Towers, Bharti Infratel and American Tower Company are the 3 main tower cos that own nearly 85% of total telecom towers...
- India may produce surplus power in FY18, says FitchThe cost-revenue gap remains at Rs 0.42 per kilowatt hour (kWh) along with aggregate technical and commercial (AT&C) losses of 20.6 per cen...
- One tenth of telecom tower workforce may lose jobs, marketing & corporate offices most vulnerableAlthough consolidation in the infra section of the industry has been on for a while, the hit will be worse now because of operators seeking...
- Botched-up Five: India Inc pays for chewing more than it could swallowThe predatory instincts and ambitions of India Inc. that knew no boundaries in the period saw major merger and acquisitions by them abroad ...
- Syed Safawi: The man who led Viom's 'holistic transformation'Syed Safawi joined Viom as its chief executive in July 2012 with a daunting mandate – clean up a big mess and help shareholders Srei.
- Twelve stocks in focus in Wednesday morning tradeIndian markets are expected to trade in a range. Here is a list of twelve stocks which are likely to be in focus today.
- American Tower Corporation close to acquiring Tower Vision for Rs 3,200 croresThe valuation is marginally lower than the 46 lakh per tower GTL Infrastructure paid for acquiring Aircel's tower business in January 2010.
- Indian carriers deep in red: IATAAt least 20 more airlines across the world are on the verge of collapse and one of which could be an Indian carrier said the IATA.
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