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IDFC acquires 33% of Ascend Telecom for US$910m as tower deals accelerate in India

Connectivity BusinessbyConnectivity Business
April 25, 2017
in Investments
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Indian private equity fund IDFC Alternatives has reportedly acquired a 33% stake in towerco Ascend Telecom Infrastructure from PE New Silk Road (NSR) for around Rs58.5bn (US$910m). The deal’s price tag values Ascend Telecom Infrastructure’s shares at some… Indian private equity fund IDFC Alternatives has reportedly acquired a 33% stake in towerco Ascend Telecom Infrastructure from PE New Silk Road (NSR) for around Rs58.5bn (US$910m). The deal’s price tag values Ascend Telecom […]

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Tags: American TowerAscend TelecomAsia PacificBharat Sanchar Nigam Limited (BSNL)Bharti AirtelBharti InfratelBrookfield Asset ManagementCPP Investment BoardIdea CellularIDFC Private EquityIndus TowersKKRNew Silk Route Private Equity Asia FundPremiumReliance CommunicationsReliance InfratelTata TeleservicesTF255Viom NetworksVodafoneVodafone India
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