American Tower Eyes $900M in Compensation from Tata Teleservices

5/29/18

By Jason Aycock, SeekingAlpha

American Tower (NYSE:AMT) is likely to take about 6,030 crore rupees -- some $900M -- in compensation from Tata Teleservices, which closed out some 30,000 tenancies after agreeing to sell its mobility business to Bharti Airtel, Economic Times says.

That compensation includes a 26% stake in Viom Networks (controlled by American Tower), valued at 4,500-5,000 crore (about $663M-$737M).

The rest would come in cash.

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