ATC to sell Indian unit to DIT

10 January 2024

American Tower Corporation (ATC) has signed a deal to sell its entire Indian unit to Data Infrastructure Trust (DIT) for INR165 billion.

The deal is still subject to pre-closing terms and regulatory approvals but is expected to close in H2 2024.

ATC India has a portfolio of around 78,000 sites across India and will be Brookfield’s third acquisition in the country’s telecoms market. ATC India will be folded into DIT and expected to diversify DIT’s revenues and increase touch points with all mobile network operators in India.

“We look forward to expanding and enhancing our existing telecom tower portfolio in India, which enables a broader array of solutions for our customers and partners,” said Brookfield India and Middle East head of infrastructure, managing director, Arpit Agrawal. "Through strategic acquisitions like ATC India, we remain deeply committed to empowering digital connectivity and transforming the telecom infrastructure landscape across the region.”