American Tower Corporation

Home
American Tower Corporation

Bala Yogesh February 3rd, 2021 2:51 PM 0 COMMENTS

Reliance Jio Increased Focus on Infrastructure Set to Hurt Indus Towers

Motilal Oswal Financial Services on Monday said that the “increased focus on infrastructure” by Reliance Jio may “weaken” the positioning of Indus Towers. The Indian diversified firm engaged in the financial services in a report said that the “long-term overhang of business viability continues” for Indus Towers, a company that offers infrastructure services to wireless services providers. The report is on the heels of Indus Towers announcing its third-quarter financial... Read More

Bala Yogesh November 19th, 2020 4:04 PM 8 COMMENTS

Indian Telecom Market Structurally Very Good: ATC

The Indian telecom market is "looking structurally very good,” Rod Smith, executive vice president and chief financial officer of American Tower Corporation (ATC) said in the NAREIT REITworld 2020 annual virtual conference. The Boston based ATC is said to own and operate 74,569 tower sites in India as of September 30, 2020. The company in its financial data for the period ended September 30, highlighted that India accounted for 15.4%... Read More

Arpit Sharma May 29th, 2018 1:05 PM 5 COMMENTS

Tata Teleservices to Pay $900 million as Compensation to ATC After Terminating Tenancies

After deciding to sell its mobility business to Bharti Airtel, Tata Teleservices pre-maturely packed up 30,000-odd tenancies for which it will likely pay around $900 million to American Tower Corporation (ATC) as compensation. This step is supposed to make the way clear for the acquisition of Tata’s mobility division by the largest telco in the country – Bharti Airtel. A person aware of the matter said: “The overall compensation will include... Read More

Srikapardhi March 21st, 2016 8:49 PM 2 COMMENTS

Airtel to sell tower assets to American Tower Corporation in Tanzania

Bharti Airtel Monday entered into an agreement with American Tower Corporation for the sale of around 1,350 of its communications towers in Tanzania. Under the agreement, American Tower may acquire up to 100 additional sites currently in development for an additional consideration. Airtel will be the anchor tenant on the portfolio under a lease with a ten-year initial term, the official statement said. “We are extremely pleased to announce our... Read More

Sanjay February 24th, 2010 6:16 PM 2 COMMENTS

ATC to Buy Essar Telecom Infrastructure for Rs 2000 Crores

Transcend Infrastructure Limited (TIL) wholly owned Indian subsidiary of American Tower Corporation today announced that they have entered into a definitive share purchase agreement with three Indian companies of the Essar Group to acquire substantially the entire issued share capital of Essar Telecom Infrastructure Private Limited (ETIPL) in an all cash deal. The Transaction values ETIPL at an enterprise value of approximately Rs 2000 crores, and is subject to certain... Read More