Today news
About the same in other media
American Tower to sell India operations to Brookfield for $2.5 billion
Reading now: 388
investing.com(Reuters) — Telecom tower operator American Tower (NYSE:AMT) said on Thursday it would sell its India operations to Canada's Brookfield Asset Management (TSX:BAM) for $2.5 billion.
The transaction will be carried out by Brookfield's Indian associate, Data Infrastructure Trust, and is expected to close in the second half of 2024.
The deal values ATC's Indian operations at an enterprise value of around $2 billion and includes ticking fees worth $500 million.
The ATC deal is asset manager Brookfield's third telecom acquisition in the country over the last four years.
«The acquired sites are expected to diversify DIT's revenues and increase touch points with all mobile network operators in India,» Brookfield said in a statement.
Read more on investing.comAbout this in other media
Suzuki Motorcycle India partners with SMFG India Credit Co for vehicle finance economictimes.indiatimes.com /3 months ago
IMD says fog likely to become more dense in north India, issues advisory for citizens economictimes.indiatimes.com /4 months ago
India's wedding industry soars to $75 billion, growing 7-8% annually livemint.com /4 months ago
Show more
The website fvbb.com is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
