Brief: American Tower expects to enforce avg non-cancelable remaining contract terms on leases with Tata Teleservices

Tata Teleservices (Maharashtra)

09/10/2017 14:28

Oct 9 (Reuters) - American Tower Corp  AMT.N : 
    * American Tower Corp releases information about its 
business in light of press reports regarding Tata Teleservices 
Limited in India 
    * American Tower - for quarter ended June 30, Tata 
Teleservices accounted for about $80 million, or 5 pct of co's 
consolidated property revenues 
    * American Tower Corp - tata teleservices accounted for 
approximately $40 million in gross margin for quarter ended June 
30 
    * American Tower - as of September 30, average remaining 
non-cancellable contract term with Tata Teleservices was in 
excess of 6 years 
    * American Tower - expects to "fully enforce" average 
non-cancelable remaining contract terms on leases with Tata 
Teleservices 
 
Source text for Eikon:  ID:nBw6l538pa  
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