Stay updated with breaking news from Indus Tower. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
With this deal worth $2.5 billion, Brookfield-sponsored Data Infrastructure Trust’s tower portfolio will reach around 252,000. ATC is Brookfield’s third acquisition in India’s telecom infrastructure space.
Sanjiv Bhasin says: “We think Wipro is going to be a key outperformer in the sense that a large part of the domestic government contracts are going to come online and they are gaining more and more contracts on that basis. They are very well equipped for that. The negative of Wipro is already getting all priced in and the underperformance is now going to be an outperformer.”
(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.…
• Changemaker Awards is a prestigious recognition for individuals and corporates at national and international level for their outstanding contributions in the realm of Corporate Social Responsibility• 85 nominations received under 6 categories
Positive setup was seen in stocks like Biocon, Bajaj Auto, Canara Bank, HPCL, Indus Tower, GMR Infra, HAL, Indian Hotel, Trent, Godrej Properties, ABB, IRCTC, Bharti Airtel, ITC, Cipla, Lupin and Glenmark.