Zhitong Finance APP was informed that the US Electric Tower (AMT.US) announced that it had signed an agreement with the Data Infrastic Trust. According to the agreement, the Data Infrastic Trust will acquire 100%equity of the Indian business of the US Electric Tower.It is understood that the Data Infrastic Trust is an infrastructure investment trust initiated by the subsidiary of the Brookfield asset Management (BAM.US).After the transaction is completed, the total cash income of the US electricity tower may be as high as 21 billion Indian rupees, and it is calculated at $ 2.5 billion at the current exchange rate.
Data Infrastructure Trust is currently in the telecommunications tower business in India through Summit Digitel and Cresst Digitel asset management in India.Bangalore Investment
The transaction depends on the conditions of conventional transactions, including the approval of government and regulators, and is expected to be completed in the second half of 2024.Udabur Stock
In addition, the US Electric Tower will retain all the economic benefits related to the optional conversion bond issued by the Vodafa IDEA, and has the right to receive future payment related to existing ATC India receivables.The income of this transaction is expected to repay the existing debt of the US electric tower.Varanasi Investment
(Editor in charge: Liu Haimei)Indore Stock
Jaipur Stock