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

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

On Monday, American Tower Corporation (ATC ... non-core assets. We are starting with the towers. We need to strengthen our balance sheet,” Idea Cellular Managing Director Himanshu Kapania told BusinessLine. Vodafone India will get ₹3,850 crore from ... read more

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

Vodafone, Idea to sell telecom tower assets to ATC for $1.2 billion

It will have revenue of Rs81,600 crore and an operating profit of Rs24,400 crore. Together, Idea Cellular and Vodafone ... tower assets in two separate deals thereby marking its complete exit from the tower business in which ATC had emerged the frontrunner ... read more

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ATC to buy Voda, Idea towers for Rs 7,850 cr: What this means for industry

A subsidiary of American Tower Corporation (ATC) on Monday signed an agreement to buy 20,000 mobile towers owned by Vodafone India and Idea Cellular for ... the sale of its tower assets for part-payment of its Rs 40,000-crore debt. The valuation of tower ... read more

Buy Lakshmi Electrical Control: SP Tulsian

Anuj: Your thoughts on Idea Cellular because that is the fresh news and in the pre-open the stock is up 10 percent? A: This was been talked that Idea and Vodafone both will be looking to monetise their tower business and in fact ATC has been able to score ... read more

Idea Cellular, Vodafone India to sell towers business to ATC Telecom

Vodafone India and Idea Cellular on Monday separately agreed to sell their respective standalone tower businesses in India to ATC Telecom Infrastructure Private Limited (formerly Viom) for an aggregate enterprise value of Rs 7,850 crore ($1.2 billion), a ... 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

What tower business sale to American Tower means for Idea Cellular, Vodafone merger; honcho Himanshu Kapania explains

In one of the largest transactions in the telecom space, Vodafone India and Idea Cellular have ... non-strategic assets. We identified standalone towers and agreed to sell them to ATC in an all-cash transaction of Rs 7,850 crore. The amounts were pre ... 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 ... Download The Times of India news app ... read more


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