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Wireless

Indian watchdog clears Idea's mobile tower sale to ATC - report

Tuesday 29 May 2018 | 12:33 CET | News
India's Department of Telecom (DoT) has cleared Idea Cellular's sale of nearly 9,000 standalone towers to a local arm of American Tower Corp (ATC) for INR 40 billion, The Economic Times reports, citing an unnamed DoT official. "Idea-ATC captive towers deal has been approved", the source said. This marks the completion of ATC's 2-stage buyout of Vodafone India's and Idea's 20,000 standalone towers for INR 78.5 billion.

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Categories: Mobile & Wireless
Companies: American Tower / Idea Cellular / Vodafone India
Countries: India
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