DIT pips Indus Towers to become India's largest mobile tower company

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DIT pips Indus Towers to become India's largest mobile tower company - Business Standard

Quick Summary:

Data Infrastructure Trust on Thursday said it has pipped Indus Towers to become India's largest mobile tower company after acquiring American Tower Corporation's operations in the country.

The firm acquired 100 per cent of American Tower's operations in India comprising the buyout of approximately 76,000 communications sites in India for an enterprise value of Rs 18200 crore or about USD 2.2 billion.

Data Infrastructure Trust (DIT) is backed by Brookfield Asset Management along with affiliates of investors including British Columbia Investment Management Corporation (BCI) and GIC.