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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

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

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

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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

Voda, Idea to sell tower assets to ATC for Rs 7,850 crore

Vodafone India and Idea Cellular on Monday said they will sell their tower assets to America Tower Corp (ATC) for a total consideration of Rs 7,850 crore. Both the telecom companies are in the process of merging their operations, which is expected to be ... 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

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

Vodafone : ATC open for more mobile tower acquisition opportunity

Telecom infrastructure firm ATC will continue to look at acquisition opportunities in the Indian market after completing integration of 20,000 mobile towers of Vodafone and Idea with its business ... billion (around 1.3 lakh crore) in the next two year ... read more

TRAI wants to slap Rs 3,050 cr fine on Airtel, Vodafone, Idea for not helping Jio

As per TRAI's recommendation, the penalty for Airtel and Vodafone works out to about Rs 1,050 crore each, while in case of Idea Cellular it comes to about Rs 950 crore. The regulator stopped short of recommending cancellation of their telecom licenses ... read more

APG, Xander launch $300 million fund to buy office assets in India

An investor consortium led by Dutch pension fund asset manager APG Asset Management N.V. and investment firm The Xander Group have formed a $300 million fund to buy leased office assets in India, the companies said in a statement. The size of the fund can ... read more

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