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Singapore sovereign wealth fund GIC, the most active among its peers as also global private equity giants operating in India, is doubling down on the infrastructure sector ......
American Tower and Brookfield seal a win-win deal.
The acquisition after months of negotiations marks the Boston-based independent tower companys exit from India. ATC had informed the US Securities and Exchange Commission in February 2023 that it was exploring strategic alternatives, including the sale of an equity stake in its India operations, amid a challenging business environment.
ATC India has a portfolio of approximately 78,000 sites across India
(FE) In a mega M&A deal in the telecom tower space, Brookfield Asset Management on Friday said that it will acquire 100% stake in American Tower Corporation’s (ATC) India business for $2.5 billion (Rs 21,000 crore), which includes $2 billion (Rs 16,500 crore) enterprise value along side a ‘ticking fee accruing from October 1, 2023.…