american tower corp (AMT) Key Developments
Reliance Communications Reportedly To Sell Stake In Reliance Infratel
Sep 25 15
Reliance Communications Ltd. (NSEI:RCOM) is veering towards a complete exit from the telecom tower business, with the process to sell its stake in unit Reliance Infratel Limited in the final stages with four bidders - US-based Farallon Capital Management, L.L.C., The Carlyle Group LP (NasdaqGS:CG), Tillman Capital Management, LLC and American Tower Corporation (NYSE:AMT).
American Tower Corporation Presents at Goldman Sachs 24th Annual Communacopia Conference, Sep-17-2015 11:20 AM
Sep 11 15
American Tower Corporation Presents at Goldman Sachs 24th Annual Communacopia Conference, Sep-17-2015 11:20 AM. Venue: Conrad New York, 102 North End Avenue, New York, NY 10281, United States. Speakers: James D. Taiclet, Chairman, Chief Executive Officer and President.
American Tower Corporation Declares Quarterly Distribution, Payable on October 7, 2015
Sep 10 15
American Tower Corporation announced that its board of directors has declared its quarterly cash distribution of $0.46 per share on shares of the company’s common stock. The distribution is payable on October 7, 2015 to such stockholders of record at the close of business on September 23, 2015.
ATC To Acquire Stake In Viom
Sep 7 15
American Tower Corporation (NYSE:AMT) is ready to acquire majority stake in Viom Networks Limited. Tata Teleservices Limited will retain a minority stake and SREI Infrastructure Finance Limited (BSE:523756) will exit Viom Networks. "The ATC board is expected to approve the deal this week, unless there are last-minute surprises," one of the persons said. Shares of SREI Infrastructure gained on the news. ATC declined to comment and there was no response to queries sent to the other stakeholders.
Reliance Communications Mulls Sale Of Stakes in Reliance Infratel
Aug 18 15
Reliance Communications Ltd. (NSEI:RCOM) is seeking to sell stakes in Reliance Infratel Limited. Reliance Communications Ltd. has shortlisted American Tower Corporation (NYSE:AMT) apart from private equity firms The Carlyle Group LP (NASDAQ: CG), The Blackstone Group L.P. (NYSE:BX), Farallon Capital Management, L.L.C. and Tilman Financial for buying up to 100% of its stake in unit Reliance Infratel Limited. "The formal process for sale of a controlling 51% stake in Reliance Infratel was launched a few weeks back, and has got a very positive response, the company has shortlisted a smaller number of very credible interested parties to progress to the next round of the process," Reliance Communications told the stock exchanges in a statement after an earnings call on August 17, 2015. While RCom didn't name any of the shortlisted bidders, it said that it had received indicative non-binding bids from a number of interested buyers. In fact, some of the shortlisted bidders want to buy out RCom's stake in Reliance Infratel completely. "The due diligence process has now commenced. Further announcements will be made, as and when appropriate," Reliance Communications said, adding that the sale proceeds from the proposed deal would substantially reduce RCOM's overall gross debt during the current financial year through March 31, 2016. Standard Chartered and SBI Capital are running the sale process. ATC, Blackstone and Farallon Capital didn't respond to requests for comment while Tillman executives couldn't be reached. Carlyle said it didn't have any comment.