Brookfield to Buy American Tower’s India Operations for $2.5 Billion

In an official statement released on Friday, ATC stated that it has reached a definitive agreement with Data Infrastructure Trust (“DIT”)

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Brookfield to Buy American Tower’s India Operations for $2.5 Billion

In an official statement released on Friday, ATC stated that it has reached a definitive agreement with Data Infrastructure Trust (“DIT”)

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Brookfield’s telecom tower operations in India are currently housed under DIT under the names Summit Digitel and Crest Digitel.

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This will be the third acquisition made by Brookfield in the Indian telecom market.

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Customary closing conditions, such as governmental and regulatory approvals, apply.

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The transaction’s proceeds are anticipated to be utilised to pay off ATC’s current debt.

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ATC has received financial advice from CDX Advisors and Citi, respectively, in the role of lead financial advisor.

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