American Tower Corporation India Company Profile and Financial Analysis

American Tower Corporation India is a leading provider of wireless and broadcast communication infrastructure in the country. It operates a large portfolio of towers and other communication infrastructure assets.

The company has a strong presence in India, with a significant number of employees and a wide reach across the country. American Tower Corporation India has a long history in the Indian market, dating back to the early 2000s.

American Tower Corporation India is a subsidiary of American Tower Corporation, a global leader in the wireless and broadcast communication infrastructure industry. This global presence brings expertise and resources to the Indian market, enabling the company to provide high-quality services to its customers.

American Tower Corporation India's infrastructure assets are used by a wide range of customers, including mobile network operators, broadcast companies, and other communication service providers.

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The Brookfield Consortium has acquired American Tower's India operations in a US$2.5 billion deal, marking a significant shift in India's tower landscape.

This acquisition sees the consortium take over approximately 77,712 telecom towers from ATC, further consolidating its presence in the country.

The proceeds from the sale are expected to be used to repay American Tower's existing indebtedness, including the repayment of the existing India term loan at closing.

The sale of ATC's India operations to Brookfield marks a broader retreat for ATC in the APAC region as it readjusts its global strategy.

ATC has sold its property portfolio in both Australia and New Zealand to Waveconn and Connexa, comprised of land under mobile towers and building rooftops.

This move aligns with Brookfield's broader strategy in India, where the firm manages assets worth approximately US$29 billion across sectors such as infrastructure, real estate, and renewable energy.

American Tower's exit from India comes after a period of financial restructuring, which included a US$322 million goodwill impairment charge related to the decision to divest its India assets.

The acquisition marks a significant step for Brookfield in becoming a dominant player in India's telecom infrastructure, with the company now overtaking Indus Towers to become India's largest mobile tower operator.

American Tower Corporation India has a strong financial foundation, with a market capitalization of $20 billion. This is evident in their ability to invest in new technologies and infrastructure.

Their revenue has consistently grown, reaching $1.1 billion in 2020. This growth is a testament to their successful business model.

American Tower Corporation India has a significant presence in the Indian market, with over 30,000 towers across the country. This extensive network allows them to provide reliable and efficient services to their customers.

Their focus on innovation has led to the development of new services, such as 5G and IoT connectivity. This commitment to staying ahead of the curve has helped them maintain a competitive edge in the market.

With a strong financial position and a growing customer base, American Tower Corporation India is well-positioned for future success.

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American Tower Corporation India is a leading provider of wireless communication infrastructure in the country.

The company was established in 2001 and has since become a major player in the Indian telecom industry.

American Tower Corporation India has a strong presence in the country with over 25,000 towers across India, serving all major telecom operators.

The company has a robust network of towers in various regions, including urban and rural areas, providing seamless connectivity to its customers.

American Tower Corporation India has a team of experienced professionals who work closely with telecom operators to design, build, and maintain their communication infrastructure.

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American Tower Corporation India has a significant presence in the country with a portfolio of approximately 78,000 sites across the country.

The company has recently signed a definitive agreement with Data Infrastructure Trust to acquire 100 percent equity interests in ATC India. This deal is subject to customary closing conditions, including government and regulatory approvals, and is expected to close in the second half of 2024.

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The total cash proceeds to American Tower at closing could potentially represent up to Rs 210 billion, or $2.5 billion, at today's exchange rates. This includes an enterprise value on the ATC India operations of approximately $2 billion, plus a ticking fee that accrues from October 1, 2023, to the date of closing.

Brookfield Asset Management-sponsored Data Infrastructure Trust houses Brookfield’s telecom tower businesses in India through Summit Digitel and Crest Digitel.

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