ATC to buy Vodafone, Idea Cellular tower assets for ₹7,850 crore | RSS News Feed

ATC to buy Vodafone, Idea Cellular tower assets for ₹7,850 crore - Latest News

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ATC to buy 20,000 Vodafone, Idea towers for over $1 billion EV

KOLKATA|MUMBAI: Boston-based American Tower Corp (ATC) is set to buy 20,000-odd standalone towers of Vodafone India and Idea Cellular ... Brookfield Asset Management and Morgan Stanley declined to comment. The roughly Rs 7,000-crore enterprise valuation ... read more

Brookfield Asset Management in talks to buy towers of Idea, Vodafone

MUMBAI: Canadian alternative asset manager Brookfield Asset Management is in advanced talks with Idea Cellular and Vodafone India to buy the standalone telecom towers business of the ... But you never say never. ATC has been asking for guarantees on ... read more

ATC closes deal to buy telecom towers from Vodafone

ATC executive vice-president Amit Sharma said in a statement. The deal to purchase Idea Cellulars stand-alone towers for Rs4,000 crore is yet to be completed, though. We closed the deal with Vodafone on 31 March. The Department of Telecommunications ... read more

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Pain to linger as telcos reel under debt

In January, RCom signed a definitive agreement to buy Sistema Shyam Teleservices Ltd (SSTL) in a deal valued at Rs4,500 crore ... lies with Idea (9,772 towers), which is in talks with ATC Tower Corp., analysts note. Vodafone India and Idea Cellular ... read more

Sensex, Nifty close lower on profit booking ahead of Fed meet outcome; IT drags

"An MoU for the first phase of the work valued at Rs 1,058 crore ... adds. Idea Cellular retained its top position in the buying list of Sensex stocks, up 9.3 percent after sources told CNBC-TV18 that ATC is close to completing buyout of Idea's tower ... read more

Idea, Vodafone India to sell tower business to ATC Telecom Infrastructure

The Kumar Mangalam Birla led Idea Cellular ... Vodafone India have separately agreed to sell their respective standalone tower businesses in India to ATC Telecom Infrastructure Private Limited (ATC TIPL) for an aggregate enterprise value of ₹7850 crore ... read more

American Tower To Buy Tower Business From Idea And Vodafone In India For $1.2bln

NEWBURY (dpa-AFX) - American Tower Corp. (AMT) announced that ATC Telecom Infrastructure Private Limited, its majority owned Indian subsidiary, has agreed with Vodafone India Limited and Idea Cellular Limited to Acquire Tower Businesses for INR 78.5 ... read more

Ahead of merger,Voda,Idea sell tower biz to ATC for Rs 7850 cr

Mumbai, Nov 13 () As part of their ongoing merger process, Vodafone India and Idea Cellular today announced sale of their independent telecom tower businesses to ATC Telecom Infrastructure for Rs 7,850 crore in ... divest non-core assets/towers before ... read more

ATC open for more mobile tower acquisition opportunity

American Tower Company (ATC) has signed an agreement with Vodafone and Idea Cellular to acquire their mobile tower assets for about Rs 7,850 crore. With this acquisition, ATC will become second largest standalone mobile tower company in the country with a ... read more

Airtel, ATC mobile tower sale deal pegged at $200 million: Moody's

Sources said that after the deal with ATC, total money raised from divestment of mobile towers in Africa by Airtel would around $2 billion. “The company has committed the proceeds from all tower asset ... buy spectrum of Videocon Telecom for Rs 4,428 ... read more

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