american tower corp (AMT) Key Developments
Carlyle And American Tower To Reportedly Acquire Reliance Infratel Majority
Jun 29 15
American Tower Corporation (NYSE:AMT) and The Carlyle Group LP (NasdaqGS:CG) are among the top initial bidders seeking to acquire a 51% stake in Reliance Infratel Limited from Reliance Communications Ltd. (NSEI:RCOM), people familiar with the matter said. Standard Chartered PLC (LSE:STAN) and SBI Capital Markets Limited are running the stake sale process, in which due diligence is expected to be carried out in July-August 2015. 5 to 6 companies have shown interest and the bids value Reliance Infratel at INR 200 billion to INR 240 billion. The valuation includes about INR 80 billion of debt. The due diligence is expected to be carried out by Jul 2015 to Aug 2015, followed by management presentations and definitive bids. The transaction is expected to close by the end of September 2015 or October 2015.
Macquarie And Others Reportedly In Talks To Acquire TorreSur
Jun 17 15
An infrastructure fund of Macquarie Group Limited (ASX:MQG) is in talks to acquire GTS Cayman Corporation (TorreSur) for more than $1 billion, including debt, reporting reuters, citing people familiar with the matter. TorreSur's owner, Providence Equity Partners LLC, received interest from potential buyers last summer but chose to hold off on a sale. Providence has now launched a sale process after receiving interest from Macquarie and others, including American Tower Corporation (NYSE:AMT), the people said this week. Spokesmen for Providence Equity, Macquarie and American Tower declined to comment, while a representative from TorreSur did not immediately respond to a request for comment, reported Reuters.
American Tower Corporation Presents at 12th Nomura Investment Forum Asia, Jun-02-2015 05:00 PM
May 30 15
American Tower Corporation Presents at 12th Nomura Investment Forum Asia, Jun-02-2015 05:00 PM. Venue: The Ritz-Carlton, Millenia Singapore, 7 Raffles Avenue, Singapore 039799, Singapore. Speakers: Amit Sharma, Executive Vice President and President of Asia.
Idea Cellular Reportedly Planning To Sell Towers; Axiata, ATC, Bharti Infratel Reportedly Interested
May 22 15
Aditya Birla Management Corporation Pvt. Ltd.’s Idea Cellular Ltd. (BSE:532822) is planning to sell assets. Sources close to the matter said that the company is working on a INR 75.8 billion deal to sell its independent towers, drawing the interests of Axiata Group Berhad (KLSE:AXIATA), Bharti Infratel Limited (BSE:534816), and American Tower Corporation (NYSE:AMT) (ATC). The news report added that spokespersons for the Aditya Birla, Bharti Infratel and ATC said that they do not comment on market speculation, while an email query to Axiata did not elicit any response.
American Tower Corporation Declares Quarterly Distribution, Payable on July 16, 2015
May 21 15
American Tower Corporation announced that its board of directors has declared its quarterly cash distribution of $0.44 per share on shares of the company’s common stock. The distribution is payable on July 16, 2015 to such stockholders of record at the close of business on June 17, 2015.