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ATC IN INDIA
Air India planes hit by ground equipment; probe under wayStrong winds and rain caused ground support equipment to hit three Air India aircraft at Delhi's Indira Gandhi International Airport. The a...
India's tallest building planned for Gurugram's Global City projectIndia's tallest building is set to rise in Gurugram's upcoming Global City. A 6.7-acre plot has been earmarked for a 620-700 metre mixed-us...
Akasa Air flight runs short on fuel, makes emergency landing in LucknowAn Akasa Air flight from Bengaluru to Bhubaneswar experienced a low fuel alert. Air Traffic Control issued a full emergency. The flight was...
Over 21,000 pilgrims avail helicopter services for Char Dham Yatra since April 22Over 21,000 pilgrims completed the Char Dham Yatra using helicopter services. The Uttarakhand Civil Aviation Development Authority utilized...
Maharashtra ATS probes Mira Road attack on guards; accused had alleged ISIS links, say sourcesMaharashtra ATS is investigating an attack on two security guards in Mira Road. The accused, Jabar Zubair Ansari, allegedly targeted the gu...
Air India flight from Mumbai makes 'priority' landing in Bhopal after snag; return leg cancelledAn Air India flight from Mumbai to Bhopal landed safely in Bhopal on Sunday after reporting a technical issue. The aircraft carried 175 peo...
AAI's electronics engineers body raises concern over proposed privatisation of ATC servicesAn electronic engineers' body, ATSEPA, has voiced strong objections to the potential privatisation of air traffic control services in India...
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...
ATC India asks Vi to convert big chunk of debentures into equityVi, a telecom joint venture between UK's Vodafone Group Plc and India's Aditya Birla Group, said it is taking suitable steps to make the al...
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...
American Tower Corp books $322 mn goodwill impairment charge for India unitAmerican Tower Corp: The fair value of ATC’s India unit has dropped below its carrying amount in the September quarter, the Boston-based te...
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...
ATC records $29 million unrealised gain on Vodafone Idea debentures in Q2In late February, loss-making Vi had allotted OCDs worth ₹1,600 crore to ATC's wholly owned India unit, ATC Telecom Infrastructure (ATC TIP...
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...