AZB and JSA assists American Tower Corporation to acquire Essar Telecom for Rs2100 crore

American Tower Corporation (ATC) has acquired Essar Telecom Infrastructure Private Limited (ETIPL) wholly, with a 100 percent equity acquisition, amounting to Rs. 2,100 crore ($450 million). The transaction represents the third tower acquisition in India by a member of the American Tower group, since initiating operations in India in the fourth quarter of 2008.