American Tower Corp Evaluates Additional Assets in India

Having bought Vodafone India and Idea Cellular’s 20,000 cell phone towers in India in November for $1.2 billion, Boston-based American Tower Corporation will evaluate more tower asset acquisitions to grow operations in India.

James D. Taiclet, chairman and chief executive of the company, said that his company’s near-term focus would be integrating the captive towers recently acquired from Vodafone and Idea into its existing portfolio. However, going forward, it may “seek to acquire additional assets in India depending on their characteristics and return potential,” given the tower company’s significant “financial resources, local market knowledge and experienced management team.”

Telecommunication Tower

The acquisition of Vodafone India’s and Idea Cellular’s towers brings American Tower Corporation’s India portfolio to nearly 80,000 towers, at third place behind Indus and Bharti Infratel, which own 123,000 and 91,000 towers, respectively.

Taiclet also expects the rapid consolidation underway in India’s telecom industry to be ‘a net positive’ for the country’s entire towers industry, reports the Economic Times.

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Posted on by Gunjan Bagla
Gunjan Bagla
California-based management consultant Gunjan Bagla runs Amritt, a consulting firm helping American companies to succeed in India. Amritt is the trusted advisor for India market research, India business development, India market entry, Global Engineering, Global Technology Scouting, India R&D and Open Innovation. Gunjan is author of "Business in 21st Century India: How to Profit Today from Tomorrow’s Most Exciting Market" (Hachette Book Group, 2008), Amazon's top rated title on the subject. He has appeared as the India Expert on BBC Television, Bloomberg TV, Fox Cable Business and has been quoted in the New York Times, the Los Angeles Times, the Hollywood Reporter and Business Week for his expertise on India.

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