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SUMMIT DIGITEL INFRASTRUCTURE
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 ...- Budget wishlist: Telecom infra providers bat for availability of input tax creditTelecom infrastructure providers are seeking availability of input tax credit, an increase in tax depreciation rate, and rationalisation of...
- 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...
- Dhananjay Joshi appointed chairman of telecom industry body DIPAThe changes in the leadership management will come into effect from October 1, 2023. The telecom industry body concluded its annual general...
- 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 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...
- Digital infrastructure providers body seeks Centre to refund Rs 18,000-crore input tax credit to boost 5G network rollout"The total amount stuck with the government because of the denial of input tax credit on equipment at telecom towers amounting to about Rs ...
- Almost half of rated Indian cos get profitability boost from weak rupee: S&P“Much of our rated India corporate portfolio has sizable US-dollar linked revenue and, therefore, is not exposed to rupee depreciation…Abou...
- Summit Digitel to provide tower infrastructure to Airtel for network rolloutSummit Digitel said it manages over 151,000 active sites, with the number growing across the nation. While providing nationwide coverage fo...
- Corporate bond sales at 6-year low, 2022 may see uptickLocal bond sales by Indian companies plunged to a six-year low despite benign interest rates as higher commodity prices and demand uncertai...
- India Inc mops up record $22 billion via overseas bond sales in 2021India Inc has raised a record $22 billion in 2021 surpassing the 2019 record of $18.5 billion, helped by easy liquidity, benign global inte...
- Summit Digitel raises $500 mn via maiden offshore bondsThe proceeds will be used for capital expenditure and repayment of existing high-cost debt.
- DoT Secy urges states to speed up clearances for field staff for uninterrupted coverageTelecom secretary Anshu Prakash has urged all states and union territories (UTs) to speed up clearances to field staff of telcos, tower ope...
- Telecom industry warns public against frauds around mobile tower installation"The public is cautioned against certain companies, agencies, or individuals who are fraudulently approaching people and asking them to dep...
- Telcos seek frontline worker status for field staff to avoid service breakdown in MaharashtraTelecom tower companies have approached DoT for vaccination of their field teams on a priority basis, akin to frontline healthcare staff, s...
- Brookfield-backed Summit Digitel to raise Rs 11,836 cr, RIL may investReliance Industries will likely subscribe to the bonds, which will replace a long-term credit facility, a move that generally extends immed...
- Telcos fret over hike in tower installation costs in DelhiMobile tower installation rates, recently revised by two Delhi municipalities, have risen sharply from around Rs 2 lakh per tower for a 5-y...
- Mobile broadband services may be hit as telcos face hurdles in setting up new infraTower firms and telcos have sought immediate intervention of the Department of Telecommunications (DoT) and the ministry of electronics & i...
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