Brief: American Tower Says Completes Strategic Review And Announces Agreement To Sell Operations In India To Brookfield

Altius Telecom Infrastructure Trust

05/01/2024 03:07

Jan 4 (Reuters) - American Tower Corp  AMT.N :
    * AMERICAN TOWER COMPLETES STRATEGIC REVIEW, ANNOUNCES
AGREEMENT
TO SELL OPERATIONS IN INDIA TO BROOKFIELD
    * TOTAL CASH PROCEEDS INCLUDE AN ENTERPRISE VALUE ON ATC
INDIA
OPERATIONS OF APPROXIMATELY $2.0 BILLION
    * AMERICAN TOWER- TOTAL CASH PROCEEDS TO CO AT CLOSING, 
WOULD
POTENTIALLY REPRESENT UP TO APPROXIMATELY INR 210 BILLION, OR
$2.5 BILLION
    * TOTAL CASH PROCEEDS TO AMERICAN TOWER AT CLOSING WOULD
POTENTIALLY REPRESENT UP TO APPROXIMATELY INR 210 BILLION, OR
$2.5 BILLION
    * PROCEEDS FROM TRANSACTION ARE EXPECTED TO BE USED TO REPAY
AMERICAN TOWER'S EXISTING INDEBTEDNESS
    * AMERICAN TOWER- DATA INFRASTRUCTURE TRUST WILL ACQUIRE
100% OF
EQUITY INTERESTS IN AMERICAN TOWER'S OPERATIONS IN INDIA

Source text for Eikon:  ID:nBw5J51VXa 
Further company coverage:  AMT.N 

 ((Reuters.Briefs@thomsonreuters.com;))