BAM - REIT Firm American Tower Cashes In On $2.5B Indian Assets Sale Aiming For Debt Reduction | Benzinga
American Tower Corp (NYSE: AMT) inked a deal with Data Infrastructure Trust (DIT) to sell all equity interests in India's operations for about INR 210 billion ($2.5 billion).
DIT is an Infrastructure Investment Trust from an affiliate of Brookfield Asset Management Ltd (NYSE: BAM) and currently houses BAM's telecom tower businesses in India through Summit Digitel and Crest Digitel.
The deal is at par with AMT's previously disclosed strategic review of its operations ...