Brookfield outbids I Squared Capital to acquire 100% of American Tower Corp s India unit, overcoming delays in I Squared s negotiations for a 65% stake. This move echoes Brookfield s previous investment in Reliance Jio s tower assets, emphasizing strategic positioning for 5G technology. ATC sought suitors to divest up to 100% but faced valuation challenges amid uncertainties with Vi s financial struggles. The acquisition reflects Brookfield s assertive presence in India s telecom infrastructure.
Atc India: ET was the first to report in its August 23 edition that the two sides had entered into a 60-day exclusivity agreement for bilateral negotiations that ended in ATC selling a minimum of 51% in ATC-TIPL. On June 28, ET had also reported I Squared leads the race to buy ATC’s India arm.
ET was the first to report in its August 23 edition that the two sides had entered into a 60-day exclusivity agreement for bilateral negotiations that ended in ATC selling a minimum of 51% in ATC-TIPL. On June 28, ET had also reported I Squared leads the race to buy ATCs India arm.
ATC India: The two sides have entered into a 60-day exclusivity agreement for bilateral negotiations that could end in ATC selling a minimum of 51% in its India unit, ATC Telecom Infrastructure Pvt Ltd (ATC-TIPL), to cashing out entirely at an enterprise value of around $1.5-2.0 billion, the people said. I Squared has been competing with Canada’s Brookfield and US infrastructure fund Stonepeak Partners for the stake.
The two sides have entered into a 60-day exclusivity agreement for bilateral negotiations that could end in ATC selling a minimum of 51% in its India unit, ATC Telecom Infrastructure Pvt Ltd (ATC-TIPL), to cashing out entirely at an enterprise value of around $1.5-2.0 billion, the people said. I Squared has been competing with Canadas Brookfield and US infrastructure fund Stonepeak Partners for the stake.