#AmericanTower #BrookfieldAssetManagement #BusinessDeal #IndiaOperations #AssetSale #Telecommunication #CanadaBusiness #GlobalBusiness
American Tower Corporation made a significant announcement on Thursday stating their plan to sell their India-based operations to Canadian owned Brookfield Asset Management. The proposed deal has been secured for a whopping $2.5 billion, positioning it as a strategic move for both companies involved. This sale further emphasizes American Tower’s gradual shift towards consolidating its international business and focusing on more stable markets with higher profitability.
Brookfield Asset Management, heralding from Canada, is strategically expanding its global portfolio whilst gaining a strong foothold in the burgeoning Indian market. This acquisition of American Towers’ operations in India will significantly enhance their existing infrastructure and facilitate stronger growth in this dynamic economy. This $2.5 billion investment is expected to boost their prospects in the telecom tower sector, bringing forth multiple opportunities in a country with a rapidly expanding telecommunications environment.
Image: https://weeklyfinancenews.online/wp-content/uploads/2023/09/india2.png
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