After a two year courtship, the marriage of American Tower and Viom Networks has finally been announced. The dowry agreed (does that analogy work?) will be US$1.17bn. Taking into account the initial 51% stake and the just under billion dollars of local debt American Tower is taking on, the transaction creates an enterprise value of Viom Networks of US$3.23bn. While American Tower will achieve the scale they have long sought in India, the sale of Viom Networks is the multi-billion dollar culmination of a ten year startup to exit success story for Quippo-SREI.
AMT achieves desired scale
American Tower (AMT) has made no secret of their desire to achieve scale in India.
