Canada based Brookfield-lead consortium takes control of ATC India via Data Infrastructure Trust (DIT), an Infrastructure Investment Trust backed by Canada's Brookfield Asset Management alongwith other investors including British Columbia Investment Management Corp (BCI) and GIC Pvt. Ltd (Singapore) for an enterprise value of Rs 18,200 crore ($2.2 billion). It marks Boston based American Tower Corp's exit from India.
With this buyout Brookfield would get approx. 76,000 towers from ATC India and its tower portfolio goes to 2,57,000 – making it largest tower company of India (also globally, outside China). Just positioned from 1st to 2nd, Bharti Airtel backed Indus Towers have 2,25,910 towers as of June 2024.
