American Tower (AMT -0.4%) has bought out partner Tata Teleservices' 13% stake in their tower venture, Economic Times reports.
The deal comes for about 2,500 crore (about $356M), and brings American Tower's stake in ATC Telecom Infrastructure to nearly 90%, with the rest held by Macquarie-controlled funds.
Last year American Tower had bought about half of Tata Tele's original 26% stake in the venture.
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