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ATC to acquire Vodafone, Idea towers in India for UDS 1 bln – report

Friday 27 October 2017 | 08:23 CET | News
US-based American Tower Corp (ATC) plans to acquire 20,000-odd standalone towers of Vodafone India and Idea Cellular at an enterprise valuation of over USD 1 billion in an all-cash deal, The Economic Times reports, citing two unnamed people with direct knowledge of the matter. Back in March, Vodafone Group and Idea agreed to combine their operations in India. According to the same source, Vodafone and Idea have decided on a combined sale of their standalone towers to ATC after parallel negotiations with Canada's Brookfield Asset Management and local infrastructure fund IDFC Project Equity

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Categories: Fixed
Companies: American Tower / Idea Cellular / Morgan Stanley / Vodafone / Vodafone Group / Vodafone India
Countries: India
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