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ATC INDIA BUSINESS
Adani Energy to buy IntelliSmart for ₹3,050 croreAdani Energy Solutions (AESL) is set to acquire smart metering company IntelliSmart Infrastructure for ₹3,050 crore, bolstering its positio...
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 ...
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...
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 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...
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...
ATC plans stake sale in India operations, cites weak customer financialsThis comes after its largest customer in the country Vodafone Idea (Vi), in early 2023, said it won't be able to resume payments in full of...
Cabinet approves Rs 2,480 crore FDI in ATC Telecom"Today, CCEA allowed FDI by ATC Asia Pacific Ltd to the tune of Rs 2,480 crore...for purchasing 12 per cent stock of ATC Telecom," Javadeka...
ATC buys out Tata’s 13% in Indian tower ventureThe Rs 2,500 crore deal marks the exit of Tata Group from the consumer mobility and related businesses.
Tata Tele in talks to sell tower biz for Rs 2,500 croreThe process for sale has started for valuation of around Rs 2,500 crore at Rs 212 per share.
AAI plans remote mirror image control of busy ATCsThe national airports operator is now in the process of preparing a common tender platform to seek entities that can provide remote Air Tra...
Tata Tele to pay ATC Rs 2,370 crore as settlement for winding up rentalsTata Tele will also sell 13%, or half of its 26% holdings, in ATC Telecom Infrastructure Pvt Ltd (ATC TIPL).
American Tower Corp may accept $900M as compensation from Tata TeleservicesIt is learnt that the Boston-based independent tower company originally wanted a little over $1 billion ( Rs 7,000 crore) as overall compen...
ATC may resort to hefty price cuts to hold on to tenants: AnalystsSunil Mittal-led Bharti Airtel recently concluded its Telenor India buyout and is poised to close the acquisition of Tata Teleservices’ wir...
Tower industry to see significant growth in 2020: ATC Asia President2018 will be a difficult year for the industry since there is shrinkage of tenancies. But, 2019 onwards there will be revival and in 2020 w...
- ATC to acquire 4,450 towers of Essar Tele Infra
USA's biggest independent tower firm American Tower Corp (ATC) has agreed to acquire 4,450 towers of Essar Telecom Infrastructure (ETIPL), ...