ATC India

March 20th, 2024 8:54 AM 0 COMMENTS

ATC India to Convert OCDs Issued by Vodafone Idea into Equity Shares

Vodafone Idea Limited (VIL) has announced the conversion of Optionally Convertible Debentures (OCDs) into equity shares, following a request from ATC Telecom Infrastructure Private Limited (ATC). The conversion, valued at Rs 14.4 billion (Rs 1,440 crore), will result in the issuance of 144 crore fully paid-up equity shares with a face value of Rs 10 each, Vodafone Idea said on Tuesday. Reportedly, ATC will hold around 2.9 percent of the... Read More

January 5th, 2024 12:14 PM 0 COMMENTS

Brookfield’s DIT to Acquire ATC India in USD 2 Billion Deal

Data Infrastructure Trust (DIT), an Infrastructure Investment Trust affiliated with Brookfield Asset Management, has inked an agreement to acquire a 100 percent equity stake in American Tower Corporation's Indian operations (ATC India). The transaction is valued at around Rs 16,500 crore (approximately USD 2 billion), plus a ticking fee that accrues from October 1, 2023, to the date of closing. DIT currently houses Brookfield's telecom tower businesses in India through... Read More

April 21st, 2014 11:16 AM 16 COMMENTS

4G : Reliance Jio and ATC India Sign Tower Sharing Pact

Pan India 4G Spectrum holder Reliance Jio Infocomm today sign tower-infra sharing deal with ATC India, one of the leading independent tower companies in India. Under the deal, Reliance Jio would utilize the telecom tower infrastructure of ATC India to launch its services across the country.ATC has a portfolio of 11,000 towers in India. Earlier Reliance JIO also sign tower and Infra sharing deal with Bharti Airtel and Reliance Communications... Read More

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