Page 3 - Data Infrastructure Trust News Today

Since launching operations in India in 2007, ATC India’s portfolio has expanded to approximately 75,000 towers. The firm has a national presence and services all major telecom service providers in the country

Canada's Brookfield Asset Management will buy American Tower's Indian operations for $2.5 billion.

American Tower Corp (NYSE: AMT) inked a deal with Data Infrastructure Trust (DIT) to sell all equity interests in India's operations for 

American Tower Corporation (ATC) signed a deal to sell its entire Indian unit to Data Infrastructure Trust (DIT), an affiliate of Brookfield Asset Management for INR165 billion (US$2 billion).

American Tower Corporation has signed a definitive agreement with Data Infrastructure Trust , an Infrastructure Investment Trust sponsored by an affiliate of Brookfield Asset Management , pursuant...

Telecom tower operator American Tower to sell India operations to Brookfield for $2.5-billion

The transaction is subject to regulatory approvals and expected to close in the second half of 2024.

The deal which marks the asset manager’s third acquisition in the telecommunication space is expected to give Brookfield access to ATC India’s vast portfolio of about 78,000 sites across the country.

The deal, one of India's largest-ever telecom infrastructure deals, will be Brookfield's third such acquisition in its four years in the country and marks American Tower's exit after 16 years. American Tower has been considering selling its India operations for nearly a year due to the inability of its top client Vodafone Idea to clear dues and recently took a roughly $322 million writedown on the value of the business.

Canada-based Brookfield will acquire the Indian business of American Tower Corporation (ATC) for an enterprise value of $2 billion, a release said on Friday. The transaction is subject to regulatory approvals and expected to close in the second half of 2024. Data Infrastructure Trust (DIT), an Infrastructure Investment Trust sponsored by an affiliate of Brookfield Asset Management, today announced the signing of an agreement with ATC to acquire 100 per cent of equity interests in American Towers...