Post Tagged with: "american tower"

American Tower To Acquire Eaton Towers For $1.85 Bn

American Tower To Acquire Eaton Towers For $1.85 Bn

May 31, 2019 at 6:59 am 0 comments

American Tower has announced its intent to buy Eaton Towers Holding which owns and operates approximately 5,500 sites across five African markets. The total consideration for the transaction, including Eaton Towers debt, is approximately $1.85 billion, the company said in a SEC filing. As a result of the transaction, theRead More

Tata Tele Sell stake In ATC’s India Mobile Tower Arm, To Settle Dues

Tata Tele Sell stake In ATC’s India Mobile Tower Arm, To Settle Dues

November 1, 2018 at 1:39 pm 0 comments

Tata Teleservices has offered to sell half or 13% of its stake in mobile tower company ATC TIPL to majority shareholder American Tower Corporation (ATC) for Rs 2,940 crore. IDFC is also selling its entire stack of 2% in ATC. Tata Teleservices Ltd will also pay Rs 2,360 crore, toRead More

Vodafone India Completes Sale of Tower Business To ATC

Vodafone India Completes Sale of Tower Business To ATC

April 3, 2018 at 12:59 pm 0 comments

Vodafone India, which is inches short of closing its merger deal with Idea Cellular, on Tuesday completed one more step towards that goal. It has completed the sale of its standalone tower business to ATC for Rs 3850 crore. “Further to the announcement dated 13 November 2017, Vodafone India hasRead More

American Tower Brings First Hurdle For TTSL Closure

American Tower Brings First Hurdle For TTSL Closure

October 10, 2017 at 9:49 am 0 comments

The reported shutting down of of Tata Teleservices (TTSL) encountered its first hurdle when American Tower Corporation (ATC) Monday said it has business contracts with the operator for six years and it is not cancelable, even if the operator closes its operations. “American Tower expects to fully enforce the averageRead More

American Tower Corporation Acquires FPS Towers In France

American Tower Corporation Acquires FPS Towers In France

December 19, 2016 at 6:55 pm 0 comments

American Tower Corporation, that had acquired 51% stake in Viom Networks last year, Monday said it is acquiring French tower firm FPS Towers. The company has partnered with  Dutch pension fund manager PGGM to acquire the French tower firm though other financial details of the deal are not disclosed. FPSRead More

USIBC Members To Invest An Additional $45 Bn; Amazon To Invest $3 Bn

USIBC Members To Invest An Additional $45 Bn; Amazon To Invest $3 Bn

June 8, 2016 at 12:06 pm 0 comments

USIBC members are on track to invest an additional $45 billion and Amazon is planning to invest an additional $3 billion. Highlighting the potential of the US-India strategic and commercial partnership, India’s prime minister Narendra Modi addressed US-India Business Council’s 41st Annual Leadership Summit. Welcoming prime minister Modi to theRead More

Bharti Airtel Sells 1350 Towers To American Tower

Bharti Airtel Sells 1350 Towers To American Tower

March 21, 2016 at 5:45 pm 0 comments

Bharti Airtel has decided to sell approximately 1350 telecom towers to American Towers in its Tanzanian market. Both the companies have entered in to an agreement for the same. As per the agreement, American Towers may also acquire another 100 towers that are being commissioned at present. However, none ofRead More

American Tower Acquires Controlling Interest In Viom Networks

American Tower Acquires Controlling Interest In Viom Networks

October 21, 2015 at 7:19 pm 0 comments

American Tower, Tata Teleservices and SREI Infrastructure Finance along with minority shareholders, have entered into a definitive agreement pursuant to which American Tower will acquire a 51 percent controlling interest in Viom Networks. Viom currently owns and operates approximately 42,200 wireless communications towers and 200 indoor distributed antenna systems acrossRead More

American Tower Acquires Viom Networks

American Tower Acquires Viom Networks

October 21, 2015 at 3:35 pm 0 comments

ATC India, a wholly owned subsidiary of American Tower has acquired Viom Networks, India’s largest independent telecom tower company in India. ATC India is planning to acquire complete stake of SREI Group and part stake of Tata Teleservices and others. SREI Group, a private sector infrastructure equipment finance, infrastructure projectRead More

Christian de Faria, CEO, Airtel Africa

Airtel May Raise $2.8 Bn From Africa Tower Sale

October 21, 2015 at 12:17 pm 0 comments

On July 1, 2015, Bharti Airtel had announced plans to divest tower assets in thirteen countries in Airtel Africa to tower companies like American Tower, Helios Towers Africa (HTA), Eaton, IHS Holding (IHS) and others. Till date, Airtel Africa has completed sale transactions in seven countries – Uganda, Kenya, Zambia,Read More