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Severe storms possible evening

Acadiana is still on track for strong to even severe storms this evening. Greatest storm dynamics and surface instability will come together after 5pm
Source: katc.com

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Brookfield acquires 100% in ATC India in a $2.5 bn all-cash deal, ET Telecom

The Boston-based telecom tower company added that the total cash proceeds to ATC at closing, subject to certain pre-closing terms, would potentially represent up to approximately or $2.5 billion at today’s exchange rates. The transaction, which reflects the completion of the previously announced strategic review of ATC’s operations in India, is subject to customary closing conditions, including government and regulatory approvals, and is expected to close in the second half of 2024.
United States American Tower Corp I Squared Capital Squared Capital Reliance Jios

Brookfield to buy ATC Indian business for $2 billion, signing today

Brookfield outbids I Squared Capital to acquire 100% of American Tower Corps India unit, overcoming delays in I Squareds negotiations for a 65% stake. This move echoes Brookfields previous investment in Reliance Jios tower assets, emphasizing strategic positioning for 5G technology. ATC sought suitors to divest up to 100% but faced valuation challenges amid uncertainties with Vis financial struggles. The acquisition reflects Brookfields assertive presence in Indias telecom infrastructure.
United States Bharti Airtel Tata Teleservices Viom Networks Deutsche Bank Telecom Infrastructure Pvt Ltd

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