The Department of Telecommunications (DoT) on Thursday cleared the sale of Idea Cellular’s standalone towers to the Indian arm of American Tower Corp (ATC) for Rs 4000 crore. The deal was awaiting approval on the FDI clearance from the Department of Industrial Policy & Promotion (DIPP), which has come. “Idea-ATC, captive towers deal, has been approved,” a top DoT official told ET. Queries sent to Idea and ATC did not... Read More
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