ATC sees huge opportunities in a challenging and competitive market

The firm bought out, recently, Tata group's 12.3 per cent stake in ATC Telecom Tower Infrastructure for Rs 2,480 crore, raising its stake to 91 per cent

Can an independent mobile tower company — that is, one in which no telecom company owns a stake — grow when two of its key rivals are almost three times its size and control over 70 per cent of the market? And when Bharti Airtel, Vodafone plc and Reliance Jio still have substantial stakes in their own tower businesses to which are they tied by long-term lease contracts?

American Tower Corporation (ATC) says the answer is a resounding yes. That the company means serious business was evident when in late November it got Union cabinet approval to buy out the