"We expect the addition of these two high quality portfolios to be highly complementary to our existing assets and to contribute to long-term leasing growth as India's leading mobile operators accelerate their 4G network deployments", said Jim Taiclet, ATC's CEO. Idea Cellular Infrastructure Services Ltd, a unit of Idea Cellular, had around 9,900 towers with a tenancy ratio of 1.80 as of 30 September 2017.
Under this merger, Vodafone India will get an implied enterprise value of Rs. 82,800 crores and Idea Rs. 72,200 crores. The companies noted that in the event that the completion of today's sale precedes the completion of the proposed merger, both expected next year, Vodafone India will receive INR38.5 billion ($592 million).
The deal will make American Tower Corp one of the top players in the tower infrastructure market in India along with Bharti Infratel and Indus Towers. It will have nearly 400 million customers with 35% customer and 41% revenue market share.
Idea will sell its entire stake in ICISL, and Vodafone India will sell a business undertaking to ATC TIPL. Jio's pricing strategy has hurt rivals' profits as they try to match low tariffs and also pushed some carriers to consolidate operations.
American Tower said the latest acquisition would be immediately accretive to its adjusted funds from operations per share, with the deal expected to be completed in the first half of 2018, subject to regulatory approvals.
The standalone tower businesses of Vodafone and Idea comprise a combined portfolio of almost 20,000 towers.
Mint had reported in February that Idea Cellular was in talks to sell its tower assets in two separate deals thereby marking its complete exit from the tower business in which ATC had emerged the frontrunner to buy around 11,000 standalone towers from Idea.
Investors closely watch the headline number, though some analysts say the way it is calculated is too opaque. The date of November 11 emerged as a counter-cultural antidote to the sentimentality of Valentine's Day.
After that long pass, Goodwin fell to his knees in prayer as his teammates gathered around him. "He had a wonderful game today". He said of his wife, Morgan Goodwin-Snow, "The pain (physically, mentally, & emotionally) that she has endured is unbelievable".
When he did so, referee Marc Goddard had some words with McGregor and appeared to direct him out of the cage. Despite the Irishman been comprehensively beaten inside the distance by Floyd Mayweather back in August.
The sources said Broadcom was preparing to submit a slate of directors by Qualcomm's December 8 nomination deadline. Qualcomm rejected Broadcom's $105 billion acquisition offer on Monday, but the battle has just begun.
So there is a chance the Galaxy A series for 2018 could come with a new "Infinity Display" without any home button on the front. Starting with the FCC certification (via mobilexpose ), it reveals that the smartphone will bear a model number of SM-A530N.
This was an important game for both teams as they hoped to make a run during the second half of the season toward the playoffs. Washington was without starting TE Jordan Reed (hamstring), S Montae Nicholson (shoulder) and DE Matt Ioannidis (hand).
This comes as Trump said on Thursday that he wants Russia's help in getting North Korea to give up its nuclear weapons. It has repeatedly threatened to launch ballistic missiles into the waters around the US territory of Guam.
When the Post's story first broke last Thursday, McConnell had said Moore should step aside if the allegations were true . Losing the special election to a Democrat would imperil Republicans' already slim 52-48 majority.
Rogers and Vandeweghe had to rally from 5-2 down in the second set to force a tiebreaker, which the Americans won 7-3. The plan worked and the match went to decider as Sabalenka kept going for her shots and missing.
Chevrolet Unveils 2019 Corvette ZR1 with LT5 Supercharged Engine
Despite all the wishful thinking, the new LT5 doesn't come with a DOHC head like the Lotus-enhanced original did in the nineties. The nose of the ZR1, meanwhile, has been heavily redesigned to provide additional airflow for the engine and cooling systems.
KGI analyst expects three iPhones next year, two with OLED
While no one has an idea on how the iPhone X can go even bigger, a visualized render of the iPhone X Plus has surfaced recently. All of the aforementioned devices are not going to sport any bezels and will be taking design cues from the iPhone X .
LSU's next opponent, Tennessee, fires its head coach
LSU and Tennessee are set to square off on Saturday in Knoxville in what will be the Vols' first game under an interim coach. Finding the right guy has been hard , and there will be intense pressure to get it right this next time.