The Hindu Business Line : American Tower Corp entering India

New Delhi, July 22 In a move that would heat up the competition in telecom infrastructure space, US-based American Tower Corporation is all set to enter the Indian market. The company manages and rolls out infrastructure such as towers for mobile operators.

American Tower owns and operates over 22,000 sites in the US, Mexico and Brazil. Additionally, the company owns about 2,000 revenue producing rooftop and tower sites.

ATC’s entry comes at a time when mobile infrastructure companies in India are getting high valuation. Reliance Communication recently sold 5 per cent stake in its tower business for nearly Rs 1,400 crore.

According to industry sources, Reliance is looking at a further dilution of around 25 per cent and is in talks with at least three global majors, including American Tower Corp. ATC, meanwhile, is expected to make a formal announcement of its foray into India on Tuesday.

Bharti and Essar have also hived off their telecom infrastructure business into a separate entity.

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