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:
Vizhinjam Expansion Strengthens India’s Maritime Competitiveness: Sonowal
Tata Power Odisha Discoms Secure Top National Rankings for Third Consecutive Year
SDHI Secures $227 Million Chemical Tanker Deal, Revives India’s Commercial Shipbuilding
India’s Energy Transition Sets Global Pace: Pralhad Joshi at Davos
IWDC Clears ₹15 Billion Projects to Boost Green Mobility, Cargo and River Tourism
World Bank Approves $815 Million Financing for Tata Power-DGPC Dorjilung Hydropower Project in Bhutan
Indian Railways Deploys Humanoid Robot ASC ARJUN at Visakhapatnam for Smart Station Security
India’s Power Grid Crosses 500,000 Circuit Km, Marks 71.6% Growth Since 2014
India Inc Optimistic on Growth, Flags Infrastructure, Defence and Export Priorities: FICCI Survey
NHAI, Konkan Railway Ink MoU to Boost Integrated Road‑Rail Infrastructure Development
DGCA Digitises Pilot Licensing with Electronic ATPL Services to Strengthen Aviation Ecosystem
Power Minister Calls for Financially Strong Discoms to Drive India’s Energy Future
BLR Airport Launches Gate Z, India’s First Social Lounge Redefining the Airport Experience
MoPNG Highlights Financing Strength, Regulatory Reforms Ahead of New Upstream Bid Rounds
ABB India Modernises BPCL’s Vadinar‑Bina Pipeline for Uninterrupted Operations
Vaishnaw Projects 6-8% Growth, Highlights Reform Momentum at Davos
Aerem Solutions Secures $15 Million to Drive Distributed Solar Adoption Across India
India Showcases Energy Transition at Davos: Joshi Calls for Global Collaboration
Indian Railways Expands High-Speed Track Network, Boosts Safety with Modernisation
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.