American Tower Corp books $322 mn goodwill impairment charge for India unit
American Tower Corp: The fair value of ATCs India unit has dropped below its carrying amount in the September quarter, the Boston-based telecom tower company said in a filing to the US Securities and Exchange Commission. ATC continues to evaluate the carrying value of its Indian assets, which may result in realisation of additional impairment expenses or other similar charges.
Source: indiatimes.com