Post Tagged with: "atc"

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 Buys Vodafone And Idea’s Telecom Towers For $1.2 Bn

American Tower Buys Vodafone And Idea’s Telecom Towers For $1.2 Bn

November 13, 2017 at 9:42 am 0 comments

The US based telecom infrastructure company American Tower is acquiring the telecom towers of Vodafone India and Idea Cellular for $1.2 Billion or Rs 7850 crore. The company is buying a total of 20,000 telecom towers belong to the two firms that are set a for a merger. “The aggregateRead 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

Reliance Jio signs tower sharing with ATC

Reliance Jio signs tower sharing with ATC

April 21, 2014 at 10:14 am 0 comments

Reliance Jio Infocomm and ATC India, one of the leading independent tower companies in India, today signed a tower sharing agreement. Under the agreement, Reliance Jio would utilize the telecom tower infrastructure of American Tower India’s portfolio of 11,000 towers to launch its services across the country. Sanjay Mashruwala, managingRead More

American Tower completes acquisition of Global Tower for $4.8 bn

American Tower completes acquisition of Global Tower for $4.8 bn

October 2, 2013 at 8:54 am 0 comments

American Tower Corporation has completed the acquisition of Global Tower Partners. Last month American Tower had entered into an agreement with Global Tower Partner (GTP) to acquire the latter for $4.8 billion. Of this total value, $3.3 billion was paid in cash and a debt value of $1.5 billion ofRead More

American Tower announces acquisition of NII Holdings

American Tower announces acquisition of NII Holdings

August 12, 2013 at 3:55 pm 0 comments

American Tower has announced that it has reached an agreement with NII Holdings to acquire up to 2,790 towers in Brazil and 1,666 towers in Mexico in two separate transactions, for approximately $413 million and $398 million, respectively. The transaction agreements provide that all payments, including the tower rent, willRead More