Mergers and Acquisitions
American Tower said on February 24, 2010 that its indirectly held, wholly owned Indian subsidiary had entered into a definitive stock purchase agreement that will lead to it acquiring all of the issued and outstanding shares of Essar Telecom Infrastructure, an Indian wireless infrastructure services company.
The total consideration for the acquisition is estimated to be approximately US$430 million and is subject to certain post-closing adjustments, the company said.
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