American Tower Company, a real estate investment trust that owns, operates, and develops wireless communications and broadcast towers in the United States, acquired India's Tata Teleservices’ 13% residual stake in ATC Telecom Infrastructure Private Limited, for $360 million. With this acquisition, the Boston, MA-based independent tower firm now owns nearly...
India Telecom M&As Exceeded $14 billion in 2017
In 2017, India's telecom sector recorded $14.7 billion worth M&A deals -- a more than 5-fold increase in value terms from the previous year. Wireless tariff wars, the entry of Reliance Jio, heavy investment in spectrum and network infrastructure, among others, acted as triggers for the M&A deals. Main deals...
Technology Reshapes Retailing in India
Growing at a CAGR of 13%, the Indian retail market is projected to double over the next four years to reach $1.08 trillion by 2020 from the current $585 billion, and the share of organized retail will increase from its current 7 percent to 24 percent. With retailers in India...
In India, 7 Telecom Firms Will Participate in Spectrum Auction
Seven telecom firms have applied to India's Department of Telecommunications to participate in the upcoming spectrum auction beginning October 1, and they have made a total earnest money deposit of over $2.3 billion to acquire rights to use spectrum in a number of frequencies. According to the amount of earnest...
Indian Telcos Adopt Mobile Authentication
U.K.-based telecom industry body GSMA launched its Mobile Connect mobile-based authentication solution in India at an event in Delhi. The Mobile Connect solution enables customers to create and manage a digital universal identity via a single login. By matching the user to their mobile phone, Mobile Connect allows them to log-in to websites...
Boston's ATC to Own 56,000 Cellular Phone Towers in India
American Tower Corporation announced that it would acquire a 51 percent controlling interest in telecom infrastructure firm Viom Networks for a cash consideration of $ 1.4 billion, (Rs 7,600 crore) reports The Telegraph. ATC has further said that it may acquire all or another portion of the remaining 49 per cent...