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The acquisition after months of negotiations marks the Boston-based independent tower companys exit from India. ATC had informed the US Securities and Exchange Commission in February 2023 that it was exploring strategic alternatives, including the sale of an equity stake in its India operations, amid a challenging business environment. ....
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. ....