American Tower Corp has emerged as the front-runner for a majority stake in Viom Networks with an offer of about Rs 19,000 crore. American Tower´s latest bid of about Rs 19,000 crore includes taking over debt of Rs 6,500 crore. Viom´s promoters are seeking Rs 20,000 crore. The ATC offer pegs the price of each tower at Rs 30 lakh compared with Rs 50 lakh sought by Viom´s owners.
FlashNews:
PM Modi Hails HPCL’s World-First LC-Max Residue Unit at Visakh Refinery
NHAI Urges DoT and TRAI to Fix Mobile Connectivity Gaps on National Highways
With Joshi at the Wheel, Gadkari Joins Hydrogen Car Drive to Signal India’s Clean Mobility Push
ONGC Partners MOL to Launch Ethane Shipping, Strengthening Energy Logistics and Maritime Presence
DFCCIL Uses GPS to Bust ERC Theft in Ambala, Averts Rail Mishap
Bhogapuram Airport Nears Completion as GMR Conducts Successful Validation Flight
Power Minister Manohar Lal Reviews Strategic Hydropower Projects in J&K
Inox Clean Energy Acquires 300 MWp SunSource Portfolio to Power Growth
Accelerating Sustainable Energy Sector Growth with the Power of AI
Advantage Assam: Trust, Governance and Growth Under Prime Minister Modi
Near Western Dedicated Freight Corridor Completion, DFCCIL Chief Inspects JNPA‑Vaitarna Stretch
Union Cabinet Clears $146 Million Delhi Metro Expansion, Adding 16 km and 13 Stations
Saleem Ahmad Takes Charge as RVNL CMD, Steering Shift to All‑Infra Vision
Clean Leap: Manohar Lal Inaugurates First Unit of 2,000 MW Subansiri Hydropower Project
DFCCIL Pushes Fast-Track Plan for Gati Shakti Cargo Terminals
Chhattisgarh, GAIL Ink MoU for 1.27‑Million‑Ton Gas‑Based Fertiliser Plant
Noida International Airport Taps Tech Mahindra for 24×7 Cybersecurity Command Centre
Centre Approves ₹8.87 Billion Mumbai Marina to Boost Coastal Shipping and Maritime Tourism
PM Surya Ghar Rooftop Solar Scheme Crosses 1.95 Million Installations, Delivers 770,000 Zero Bills
Home » American Tower Corp in race for Viom
American Tower Corp in race for Viom
Technology
September 1, 2014September 1, 2014


Leave a Reply
You must be logged in to post a comment.