American Tower exits India with sale to Brookfield
The troubled Indian operations had been on the block for some time, but acquisition by Brookfield opens the door to further consolidation in India
American Tower will be exiting India after completing its strategic review of its Indian operation. American Tower's 77,172 sites in India will be sold to Brookfield's DIT. DIT itself houses Brookfield’s other telecom tower and related infrastructure investments in India: Summit Digitel, Crest Digitel and the newly launched Roam Digitel.Summit Digitel owns 177,000 towers according to the latest data from TowerXchange.
If combined with Summit Digitel the towerco would be come the second largest is in the world, behind China Tower and leapfrogging Indian rival Indus Towers, which remains the third largest towerco globally. It would own roughly a third of India's towers.