American Tower Corporation inks $1 billion deal for 51 per cent stake in Viom Networks

22-Oct-2015 #Digital India Source: Business Today

American Tower Corp has agreed to buy 51 per cent stake in Viom Networks for $1 billion in an all-cash deal. Besides, American Tower’s existing Indian portfolio of approximately 14,000 towers will be merged with Viom Networks that owns and operates approximately 42,200 wireless communications towers and 200 indoor distributed antenna systems across India. The move will help ATC to play a key role in deploying advanced wireless technologies throughout the country and to support the Indian government’s Digital India Initiative.

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