American Tower Corporation Closes Viom Acquisition
April 21 2016 - 6:30AM
Business Wire
American Tower Corporation (NYSE:AMT) announced today that it
has closed its previously announced acquisition of a 51%
controlling ownership interest in Viom Networks Limited (Viom), an
owner and operator of over 42,000 communications sites in
India.
Total consideration for the acquisition consisted of a cash
payment of approximately 76 billion Indian Rupees (INR) as well as
the assumption of approximately INR 51 billion in existing
INR-denominated debt. American Tower used borrowings under one of
its existing revolving credit facilities, as well as cash on hand,
to satisfy the cash portion of the purchase price.
About American Tower
American Tower, one of the largest global REITs, is a leading
independent owner, operator and developer of multitenant
communications real estate with a portfolio of over 142,000
communications sites. For more information about American Tower,
please visit www.americantower.com.
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version on businesswire.com: http://www.businesswire.com/news/home/20160421005649/en/
For American Tower Corporation:Leah Stearns, 617-375-7500Senior
Vice President, Treasurer and Investor Relations
American Tower (NYSE:AMT)
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