American Tower Corporation $1.17 billion acquisition of 51% of Viom Networks

Overview:

• American Tower Corporation has acquired the 51% controlling shareholding in Viom Networks from shareholders including Tata Group and SREI Group for $1.17 billion.
• The deal includes $100,000 of debt.
• At closing, Tata Teleservices will retain a part of its holding, with Macquarie SBI Infrastructure Investments, SBI Macquarie Infrastructure Trust and IDFC PE Fund III retaining certain interests.
• The parties have agreed that, post-closing, American Tower’s existing Indian portfolio of approximately 14,000 towers will be merged with Viom’s portfolio of 42,200 wireless communications towers and 200 indoor distributed antenna systems across India.

Katrin Kostadinova - Data analyst