Brookfield Acquires ATC India's Assets

Brookfield has acquired 100% of American Tower Corp (ATC)'s Indian unit for $2.5-billion valuation as announced on January 4, 2024. ATC India is the one of the leading independent Passive Telecom Infrastructure Providers in India. The acquisition is expected to be completed by Q2 of 2024. 

ATC India started its journey in 2007 by erecting towers for mobile operators in Orissa and Bihar. After that ATC India continued its growth by acquisition of other companies - Xcel Telecom (May 2009), Transcend Infrastructure (November 2009), Essar Telecom Infrastructure (February 2010), Viom Networks (majority stake in April 2016; complete acquisition in April 2019), Vodafone Tower Holdings (April 2018) Idea Cellular Infrastructure Services Ltd (ICISL) (May 2018).