American Tower Corporation to buy 51% stake in Viom Networks for Rs 7,600 crore 

NEW DELHI: American Tower Corp will buy a 51% stake in Viom Networks in the largest inbound M&A deal so far this fiscal, marking an end to the two year long discussion process that included three rounds of bidding between interested parties. 

ATC Wednesday announced that it will pick up 51% stake, where the cash consideration would be around Rs 7,635 crore, valuing Viom at around Rs 22,000 crore, including debt. The company added that under the agreement, it "may acquire or be requ .. 

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