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ATC may Acquire Viom Networks

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American Tower Company a independent owner, operator and developer of wireless and broadcast communication real estate might announce the aquisition of Viom Networks. ATC will pick up 51% stake in Viom Networks complicated, multi-tier transaction that values the latter at Rs 20,000-21,000 crore, including its Rs 6,000 crore debt, they said. The deal has been in the making for two years.

After taking over Viom and upon receiving all regulatory approvals, source said ATC will merge all its various arms in India into Viom to create one composite entity with over 54,000 towers. Read more

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Sweekar S

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