American Tower to buy tower businesses from Vodafone India and Idea Cellular

Industry:    2017-11-14

American Tower Corp –

* American Tower announces entry into agreements to acquire tower businesses from Vodafone India and Idea Cellular

* Deal ‍expected to generate abt $320 million in property revenue, abt $120 million in gross margin during their first full year

* ‍SG&A associated with assets is expected to be less than about $10 million for first year

* ‍Cash consideration for deal is expected to to be about $1.2 billion Source text for Eikon: Further company coverage:

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