e-Governance

Xcel Acquired @ INR 800-850 Cr by ATC

Views: 122

American Tower Corporation (ATC) has acquired the Mumbai-based independent tower company, Xcel Telecom for an undisclosed sum. Industry analysts had put an enterprise valuation of around INR 800-850 crore for Xcel Telecom, which owns and operates around 1,700 towers in the country.

The acquisition would help ATC create a leading independent tower company with a combined portfolio of 2,000 tower sites in 15 telecom circles.

Comments

comments

Click to comment

Leave a Reply

Your email address will not be published.

Latest News

To Top