Brookfield Asset Management to acquire 100 per cent equity stake in ATC India

Brookfield Asset Management-sponsored Data Infrastructure Trust has signed a definitive agreement with the US-based American Tower Corporation (ATC) to acquire a 100 per cent equity stake in ATC India. The total cash proceeds to ATC at closing, subject to certain pre-closing terms, would potentially represent up to Rs 210 billion ($2.5 billion). This includes an enterprise value on the ATC India operations of approximately $2 billion, and a ticking fee effective from October 1, 2023, to the date of closing.