Data Infrastructure Trust (DIT), an Infrastructure Investment Trust sponsored by an affiliate of Brookfield Asset Management, has introduced the signing of an settlement with American Tower Corporation to acquire 100% of the fairness pursuits in American Tower’s operations in India for an enterprise worth of ₹16,500 crore ($2 billion) which is topic to pre-closing phrases as per the securities buy settlement.
The transaction is topic to regulatory approvals and is predicted to shut within the second half of 2024. ATC India has a portfolio of about 78,000 websites throughout India.
Arpit Agrawal, Managing Director, Head of Infrastructure, India & Middle East, at Brookfield, mentioned, “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.”
