American Tower spending big in India


By Jonathan Nally
Wednesday, 06 June, 2018

American Tower spending big in India

American Tower Corporation has reportedly obtained approval from Indian regulators to proceed with the purchase of approximately 9000 towers from Idea Cellular, at a cost of US$584 million.

The company has been acquiring tower assets around the globe in recent times.

According to American Tower’s 2018 first quarter financial report, “During the first quarter of 2018, the Company spent approximately US$673 million to acquire nearly 10,600 sites primarily in international markets, including approximately 10,200 sites in India as part of its previously announced transaction with Vodafone India Limited.”

The 9000 new towers are in addition to the 10,200 Vodafone India transaction. The company also has plans to acquire more than 700 towers in Kenya.

Please follow us and share on Twitter and Facebook. You can also subscribe for FREE to our weekly newsletter and bimonthly magazine.

Related News

ACMA issues discussion paper on expiring spectrum licences

The ACMA has released a public discussion paper inviting stakeholders to provide feedback on the...

In-orbit software update gives satellite PTT capabilities

Fleet Space Technologies' Centauri satellites can be reprogrammed to deliver high-quality,...

Nokia and Siemens Mobility to deliver comms for Western Sydney Metro

Nokia is working with Siemens Mobility to deliver an IP/MPLS backbone communications network and...


  • All content Copyright © 2024 Westwick-Farrow Pty Ltd