Sunday, August 31, 2025
  • Home
  • About us
  • Privacy policy
  • Advertise with us
  • Contact us
Fii News Logo
No Result
View All Result
  • Tenders
  • Projects
  • Markets
  • Manufacturing
  • Investment
  • Technology
  • Exports
Newsletter
  • Tenders
  • Projects
  • Markets
  • Manufacturing
  • Investment
  • Technology
  • Exports
Fiinews
No Result
View All Result
Home Investment

Approved: ATC Singapore investment in ATC India

Fiinews by Fiinews
November 25, 2020
in Investment, Technology
Reading Time: 2 mins read
A A
0
ATC India
0
SHARES
10
VIEWS
LinkedinShare on Twitter

0:00

FDI exercise by Tata companies

The Cabinet Committee on Economic Affairs has approved an Rs.2,480.92 crore Foreign Direct Investment proposal for the acquisition of 12.32% of the equity share capital (on a fully diluted basis) of ATC Telecom Infrastructure Private Limited by ATC Asia Pacific PTE Limited (ATC Singapore).

With this approval the cumulative FDI of ATC Singapore into ATC Telecom Infrastructure Private Limited (ATC India) will be Rs.5,417.2 crore in financial years 2018-19 to 2020-21, the Cabinet Committee on Economic Affairs said on 25 Nov 2020.

This is a result of the exercise of a put option by Tata Tele Services Limited (TTSL) and Tata Sons Private Limited (TSPL).

ATC India is engaged in the business of providing telecom infrastructure services to telecom operators.

The company has existing FDI approval of up to 86.36% and with this approval, it will rise to 98.68% (on a fully diluted basis).

ATC India is one of the leading independent Passive Telecom Infrastructure Providers in India and is an indirectly-held subsidiary of American Tower Corporation (NYSE:AMT).  Since launching operations in India in 2007, ATC India’s portfolio has expanded to approximately 75,000 towers. ATC India has a national presence and services all major telecom service providers in the country.

FDI up to 100% is allowed in Telecom Services Sector wherein 49% under automatic route and beyond 49% through government route subject to observance of licensing and security conditions by the licensee as well as investors as notified by the Department of Telecommunications (DoT) from time to time. #investment #technologies #banking #telecommunications /fiinews.com

Tags: Tata Group
ShareTweetShare

Related Posts

Capgemini
Investment

Invest: Capgemini acquisition of WNS approved

by Fiinews
August 31, 2025
0
12

WNS-Capgemini will combine deep domain-centric operations WNS (Holdings) Limited (NYSE: WNS) says its shareholders overwhelmingly voted to approve the acquisition...

Meta
Technology

Tech: RIL-Google Cloud-Meta work on AI solutions

by Fiinews
August 31, 2025
0
12

$100m RIL-Meta JV agreed Reliance Industries Limited (RIL) has announced on 29 Aug the expansion of its strategic partnership with...

PIB

Invest: PM Modi wants India-Japan collaboration

August 31, 2025
11
HFS

Tech: Enterprises stuck in AI experimentation

August 30, 2025
11
Birck & Bolt

Tech: Brick & Bolt brings efficiency to sector

August 29, 2025
11
ICA

Invest: Call for global benchmark for trade dispute

August 29, 2025
12
SBI YONO

POPULAR NEWS

  • Cristina Dnv

    Projects: Indian yards set to build green ships, says DNV expert

    0 shares
    Share 0 Tweet 0
  • Market: Indian-origin UGF scales heritage consumer brands globally

    0 shares
    Share 0 Tweet 0
  • Technologies: Royal Diamond sponsors aerspace Industries’ drones in UAE

    0 shares
    Share 0 Tweet 0
  • Investments: Foreign investors see India as long-term destination for fund placings

    0 shares
    Share 0 Tweet 0
  • Markets: Blue Dart maintains positive outlook on India

    0 shares
    Share 0 Tweet 0

Fiinews.com features through news articles on business opportunities in the Indian market for the benefits of foreigners. It is also a platform for international businesses to showcase through elaborate articles on their products & services to the Indian consumers and corporations exploiting industrialisation of the country.

7Clicks Media is a Singapore based Media & PR company offering over 100,000
impressions via our targeted communication strategy.

It is led by editor-in-chief Gurdip Singh who has worked over 45 years reporting on
Asian businesses.

Recent News

  • Market: RBI Gov calls for price stability
  • Manufacturing: Vignesh builds new facility at SIPCOT
  • Market: Patil to build talent-hub from Pune
  • Tender: Construction market to grow at 8.6% CAGR
  • Invest: Capgemini acquisition of WNS approved

Pages

  • About US
  • ADVERTISE ON FIINEWS.COM
  • CONTACT US
  • EVENTS
  • FII-NEWS.COM PDF ARCHIVE
  • Home
  • News
  • PRIVACY POLICY

Subscribe to Newsletter

  • About
  • Advertise
  • Careers
  • Contact us

© 2024 FIINEWS - Design and developed by 7clicksmedia.

No Result
View All Result
  • Tenders
  • Projects
  • Markets
  • Manufacturing
  • Investment
  • Technology
  • Exports

© 2024 FIINEWS - Design and developed by 7clicksmedia.