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American Tower to buy controlling stake in India's Viom for $1.2 bililon

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Reuters MUMBAI
Last Updated : Oct 21 2015 | 6:42 PM IST

MUMBAI (Reuters) - American Tower Corp said on Wednesday it has agreed to buy a 51 percent controlling stake in Indian mobile mast operator Viom Networks for 76 billion rupees ($1.17 billion).

Viom owns and operates about 42,200 wireless communications towers.

($1 = 65.1262 rupees)

(Reporting by Devidutta Tripathy; editing by Jason Neely)

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First Published: Oct 21 2015 | 6:30 PM IST

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