ATC preparing bid for Viom Networks

28 Feb 2014

US-backed American Tower Corporation (ATC) is preparing to make an offer to buy Indian tower management firm Viom Networks, Cellular News writes without citing its source. ATC currently operates around 10,000 tower sites in India through its local unit ATC India and is reportedly looking to increase its presence in the market through the acquisition of Viom, which operates around 42,000 towers. Viom’s majority shareholders Tata and Srei Infrastructure, which hold a combined stake of 72.5% in the firm, planned to launch an initial public offering (IPO) for the infrastructure operator in 2011 although this was derailed by a shareholder dispute. The towerco’s owners hired Citi and Credit Suisse last year to assess their options for Viom and are understood to be preparing a second attempt to launch an IPO.

India, American Tower Corporation,


Subscribe to CommsUpdate to get the day’s top telecom headlines delivered to your email.

Subscribe to CommsUpdate


Have feedback, corrections, or story ideas? Send them to

Browse Past Issues


Filter CommsUpdate by the following categories or use the search.


Visit our help page information on performing advanced searches, including how to restrict the results by country or company.


CommsUpdate is an outstanding advertising venue for companies seeking to reach:

  • International carriers
  • Wholesale service providers
  • Equipment and software vendors
  • Telecom investors
  • Regulators

Learn more about advertising on CommsUpdate.