essar telecom

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

September 7th, 2009 4:10 PM 0 COMMENTS

FITCH ASSIGNS NATIONAL LONG-TERM RATING TO ESSAR TELECOM

Fitch Ratings has today assigned Essar Telecom Infrastructure Private Limited (ETIPL) a National Long-term rating of 'BBB+(ind)' with a Stable Outlook. The rating also takes into consideration the strategic importance of ETIPL to the telecom operations of the Essar Group and the company's experienced management with a long track record in the telecom industry. The rating further reflects the good tenant profile with long-term agreements for providing passive infrastructure services... Read More

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