The Competition Commission of India (CCI) has approved the proposed acquisition of 100% of the share capital of ATC Telecom Infrastructure Private Limited (ATC India) by Data Infrastructure Trust (DIT) and certain inter-connected transactions.

DIT is an infrastructure investment trust registered under the Securities and Exchange Board of India (Infrastructure Investment Trusts) Regulations, 2014. DIT, through its special purpose vehicles, is engaged in the business of provision of passive telecom infrastructure services in India.

ATC India is an indirect subsidiary of American Tower International, Inc. It is engaged in the business of provision of passive telecom infrastructure services in India.

Detailed order of the CCI will follow.

Competition approval: complete acquisition of ATC India by Data Infrastructure Trust cleared, with detailed order to follow. The Competition Commission of India has approved the proposed acquisition of the entire share capital of ATC Telecom Infrastructure Private Limited by Data Infrastructure Trust, together with certain inter connected transactions. Data Infrastructure Trust is an infrastructure investment trust operating through special purpose vehicles to provide passive telecom infrastructure services in India. ATC Telecom Infrastructure Private Limited is an indirect subsidiary of American Tower International and also provides passive telecom infrastructure services. The CCI's detailed order will follow.