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Canada's Brookfield seeks Indian clearance to acquire American Tower's domestic operations

By Freny Patel ( April 11, 2024, 07:10 GMT | Insight) -- Brookfield Corporation has sought merger clearance from India’s competition watchdog for its acquisition of American Tower Corporation's domestic operations. Data Infrastructure Trust, or DIT, backed by Brookfield Asset Management, announced a $2 billion deal to acquire ATC India, a local subsidiary of American Tower that provides passive telecom infrastructure services in January this year. The proposed acquisition has been filed to the Competition Commission of India under Form II; the deal is expected to close in the second half of this year, subject to regulatory approvals. Canada's Brookfield Corporation has sought merger clearance from India’s competition watchdog for its acquisition of American Tower Corporation's domestic operations....

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