PE investors set for part-exits as ATC buys 51% of India's Viom
IDFC Alternatives and Macquarie SBI Infrastructure Management will make partial exits from India-based Viom Networks as American Tower Corporation (ATC) buys a 51% stake in the telecom tower business.
ATC said in a filing that it would pay INR76 billion ($1.17 billion) in cash for Viom, which was formed through a merger between Quippo and Tata Teleservices' telecom tower division in 2009. As part of...
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