ATC

ATC and TowerVision restart stake deal talks

ATC and TowerVision restart stake deal talks

American Tower Corp (ATC) has reportedly renewed talks to acquire telecom tower management firm TowerVision India.

People familiar with the matter revealed that negotiations between the two companies have moved ahead after the New York-listed ATC re-showed its interest to acquire the company.

Gurgaon-based TowerVision a smaller independent telecom tower management firm is jointly owned by Israel-based Fore Group and private equity firm Quadrangle. It owns nearly 8,000 telecom towers in an overall domestic market of around 4 lakh towers, while ATC owns more than 10,000 telecom towers.