American Tower Corp to Buy TowerVision India

By April 26th, 2013 AT 9:06 AM

mobile-towerIndian telecom sector is going reshape its future from the mess created by policy irregularities and uncertainty created by Supreme Court’s licence cancellation. There are some big deals are inked up, though mostly by Reliance Jio. However the passive infrastructure companies also looking for consolidation. In a latest report American Tower Corporation (ATC) is in talks with smaller tower firm TowerVision India to acquire the later.

Gurgaon based TowerVision is actually owned by Israels’s Fore Group and private equity firm Quadrangle Group. It has around 8,000 towers across India, while ATC has around 10,000 towers with tetancy rate of 1.8. In December 2010 TowerVision started selloff talks with ATC and GTL Infra but talks did not finalized.

Since its entry in India, ATC acquired XCel and Essar’s tower firms during 2009-10. That time Quippo and Tata’s tower firms were merged into Viom Networks. Since then ATC’s TowerVision acquire is possibly the largest take over in tower market. There is no details of amount of the deal.

guest
0 Comments
Inline Feedbacks
View all comments

Recent Posts

BSNL Removes Multiple STVs And Offering Full Usage Value on Rs 110 Voucher

Bharat Sanchar Nigam Limited (BSNL) is removing multiple STVs from its offerings. BSNL Chennai announced via its Twitter account about...

Bharti Airtel Users Can Avail Up to Rs 40 Off on Prepaid Recharges via Amazon Pay

Airtel is offering users cashback on their prepaid recharges made through Amazon Pay. The offer is only applicable for Amazon...

Vi (Vodafone Idea) Subscribers Complain About Network Outage in Maharashtra

Several subscribers of Vodafone Idea (Vi) took to Twitter to report the connectivity issues they experience in Maharashtra since Thursday...