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AMT Amstrad

149.50
0.00 (0.00%)
10 May 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Amstrad LSE:AMT London Ordinary Share GB0000953850 ORD 10P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 149.50 0.00 01:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

American Tower Corp To Buy XCel Telecom

17/03/2009 9:13am

Dow Jones News


Amstrad (LSE:AMT)
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American Tower Corp. (ATC) said Tuesday it would buy Indian telecom tower company Xcel Telecom Pvt. Ltd., for an undisclosed amount, through its subsidiary American Tower Mauritius.

"American Tower Mauritius has entered into a definitive agreement with Horse-Shoe Capital, Mauritius (an affiliate of Q Investments, USA), under which it will acquire XCEL Telecom Private Limited," the two companies said in a joint statement.

XCEL owns and operates approximately 1,700 wireless communications tower sites, including a number of towers that are currently under construction.

The transaction is expected to close in the second quarter, the companies said.

"This deal will strengthen our base in India and give us access to a new set of clients and geographies where XCEL has established connections," Amit Sharma, executive vice president for Asia at ATC, said in the statement.

-By R Jai Krishna, Dow Jones Newswires; +91-11-4356-3333; krishna.jai@dowjones.com

 
 

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