Canada’s Brookfield Asset Management to acquire American Tower’s Indian business for USD 2.5 billion

NEW DELHI: Canada-based Brookfield Asset Management is set to acquire the Indian business of American Tower Corporation (ATC) for an enterprise value of $2 billion. In a press note, the company stated that the transaction is expected to close in the second half of 2024.

“We look forward to expanding and enhancing our existing telecom tower portfolio in India, which enables a broader array of solutions for our customers and partners. Through strategic acquisitions like ATC India, we remain deeply committed to empowering digital connectivity and transforming the telecom infrastructure landscape across the region,” said Arpit Agrawal, Managing Director, Head of Infrastructure, India and Middle East, at Brookfield.