American Tower Company (ATC) could soon sell a majority stake in its Indian company to US-based I Squared Capital. As per an ET report, the tower company may be looking to sell a 51% stake in ATC Telecom Infrastructure Pvt Ltd. The company could entirely cash out as well at an enterprise value of $1.5-$2.0 billion USD. But I Squared isn't the only player who is looking for a stake... Read More
India’s existing telecom network network infrastructure “just isn't sufficient to run 4G networks,” says Rod Smith, executive vice president at American Tower. Smith in the JP Morgan 49th Annual Global Technology, Media and Communications Conference on Monday said that the company is witnessing a “large number” of new tower sites built in India and Africa. In 2020, American Tower is said to have constructed around 5900 new sites across its... Read More
Tom Bartlett, president and CEO of American Tower Corporation (ATC) in the earnings call on Thursday said that the Indian telecom networks are ill equipped to handle 4G levels of traffic for more than billion people. The company had earlier reported the second quarter financial results for the period ended June 30, 2020 with ATC recording an 1.2% increase in its total revenues to US$1,913 million. ATC said that its... Read More
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It still isn't updated! ??
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Still I am expecting 60- 80 Mbps speed, not like this. P.S - @Tanay please delete other comments ( wrong…
