American Tower considers a bid for VIOM Networks
Encouraged by the success of the recent spectrum auction in India, and overdue consolidation in the MNO category, American Tower “is targeting to bid for India’s Viom Networks, which will help it improve its services and lower its costs... AMT gained 10,000 towers in India with its previous two purchases, with Viom it could go for consolidating its assets from all three purchases, consequently lowering the operating cost,” according to Seeking Alpha.
Cellular News reports, without citing its source, that American Tower “is thought to put a valuation on Viom at around Rs 11,000 crore (US$1.77
