American Tower buys out Tata's 13% stake in India tower venture - report

Thursday 25 April 2019 | 09:54 CET | News
American Tower Corp (ATC) has acquired Tata Teleservices' 13 percent residual stake in ATC Telecom Infrastructure for INR 25 billion in an all-cash deal, two unnamed sources with direct knowledge of the matter told ET. The deal, valued at around INR 212 per share, marks the exit of Tata Group from the consumer mobility and related businesses.

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Categories: Fixed
Companies: Airtel / American Tower / Bharti Airtel / Tata Teleservices
Countries: India
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