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ATC took over 51% stake of Viom Networks, valued at Rs 20k cr

American Tower Corp has bought 51% stake in Viom Networks in the largest inbound M&A deal so far this financial period, marking an end to the two year long discussion process that involved three rounds of bidding between interested parties

Viom nearly had 42,000 towers and another 1,000 towers, which were under construction. Sources tell that 51 percent stake holds value of Rs 20,000 crore. Kolkata-based Srei Infrastructure has given its 18.5 percent stake to ATC. Singapore-based GIC and Oman Investment Authority too will exit the company, the sources reveal. Oman Investment, GIC and IDFC Private Equity together had12 percent stake in Viom. Sources say that Srei Infra may get small management control via the deal

RCom MTS Merger Approved in a Rs. 5000Cr All Stock Deal

Reliance Communications (RCom), India’s fourth-largest telecom operator, recently announced the acquisition of Russian conglomerate Sistema ‘s Indian telecom unit in an all-stock.SSTL offers mobile telephony services under MTS brand across nine telecom circles in the country Sistema Shyam Teleservices Ltd (SSTL) will hold about 10 per cent stake in RCom and pay off its existing debt before closing the deal.

“RCom will acquire approximately 9 million customers and approximately Rs 1,500 crore of annual revenues by virtue of the transaction,” the company said in a statement.

Reliance Jio’s entry will increase competition in telecom sector

The impending entry of Reliance Jio will increase competition in the Indian telecom sector and pressurize credit profiles of the top-four telecom companies, Fitch Ratings has said.

In order to be competitive and grab chunk of the market share, Jio is likely to offer cheaper tariffs; Fitch expects that data tariffs will fall by at least 15-20% as incumbents compete on price with Jio.

Cheaper tariffs will help the company build market share and voice average revenue per user (ARPU) will decline on lower usage as rising data usage will cannibalize voice.

Reliance Communications is going to announce selling of its telecom tower stake, valued at Rs 22,000 crore

Reliance Communications (RCOM) is likely to announce the sale of its stake in tower unit Reliance Infratel, which values the subsidiary at round Rs 22,000 crore.

The sale of RCOM’s stake in Reliance Infratel to a private equity player would mark the complete exit of fourth largest telecom services provider by customers from the Indian telecom tower business. “The deal will be announced within a couple of days, and will value Infratel at around Rs 22,000 crore,” one of the people said.

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