The deal which marks the asset manager’s third acquisition in the telecommunication space is expected to give Brookfield access to ATC India’s vast portfolio of about 78,000 sites across the country.
Brookfield to buy American Tower Corp assets in India at $2 bn enterprise value thehindubusinessline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindubusinessline.com Daily Mail and Mail on Sunday newspapers.
Canada-based Brookfield will acquire the Indian business of American Tower Corporation (ATC) for an enterprise value of $2 billion, a release said on Friday.
The transaction is subject to regulatory approvals and expected to close in the second half of 2024. Data Infrastructure Trust (DIT), an Infrastructure Investment Trust sponsored by an affiliate of Brookfield Asset Management, today announced the signing of an agreement with ATC to acquire 100 per cent of equity interests in American Tower s operations in India (ATC India), for an enterprise value of Rs 16,500 crore ($2 billion) which is subject to pre-closing terms as per the securities purchase agreement, it said.
Brookfield to acquire ATC India for $2 5 billion totaltele.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from totaltele.com Daily Mail and Mail on Sunday newspapers.