Monday, March 16, 2009

American Tower to buy India Xcel for $136 mln

U.S.-based American Tower Corp is set to acquire India's Xcel Telecom in a deal worth more than 7 billion rupees ($136 million)

Xcel, founded by former BPL Mobile chief executive Sandip Basu, provides shared telecom infrastructure and services for telecom operators in India.

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