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ATC INDIA TOWERS
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...- ATC India buyout to lend more ammo to Canada's Brookfield to fight Indus TowersThe recent $2.5-billion buyout of American Tower Corp’s India unit by Canada’s Brookfield will give them more firepower to compete with Ind...
- 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 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...
- 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...
- 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.
- 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).
- Closure of Idea-ATC $615-million tower deal likely next weekLast month, the government had cleared Vodafone India’s sale of its 10,926 captive towers to ATC for Rs 3,850 crore.
- 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...
- Tata Teleservices likely to offer 26% stake to JV partner in lieu of penaltyThe 25,000 tenancies on the Viom network are locked in for six years, while 5,000 on the ATC India network are for three years, the sources...
- Delhi's IGI Airport to get new ATC tower in 3 months; to boost flight handling capacityDelhi’s three runways currently handle 67 flights an hour, which is much lower than what London Heathrow, Hong Kong and Dubai International...
- Virtual team set to look after ATC-Viom combine’s operations, legal merger may take over a year to closeKhillan has been in ATC for the past year, after resigning as chief technology officer at Sistema Shyam Teleservices, which operated the MT...
- ATC to acquire 4,450 towers of Essar Tele InfraUSA's biggest independent tower firm American Tower Corp (ATC) has agreed to acquire 4,450 towers of Essar Telecom Infrastructure (ETIPL), ...
- American Tower redials Essar for stake buyBoston-based American Tower (ATC), the largest telecom tower firm of the US, has restarted negotiations to buy majority stake in Essar Tele...
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