Brookfield to buy ATC Indian business for $2 billion, signing today

Canada’s Brookfield has trumped Miami-based infrastructure investment group, I Squared Capital, to acquire 100% of India unit of Boston-based American Tower Corp (ATC) in a $2.5 billion all-cash deal. The signing between the two parties is happening Friday.

“ATC has signed a definitive agreement with Data Infrastructure Trust (“DIT”), an Infrastructure Investment Trust sponsored by an affiliate of Brookfield Asset Management pursuant to which DIT will acquire 100% of the equity interests in American Tower’s operations in India (ATC India),” ATC said in an official statement Friday.