Here's why ATC may delay the acquisition of Idea and Vodafone tower

In November, an Indian subsidiary of ATC had agreed to buy 20,000 mobile towers owned by Vodafone India and Idea Cellular

American Tower Corporation’s acquisition of Idea’s and Vodafone’s towers for $1.2 billion is set to get delayed. The reason: The firm has lost close to 65,000 tenancies due to the closure of multiple wireless service providers in the past few months.
 
According to a source, the company is estimated to have lost close to Rs 20 billion of revenue and at least Rs 10 billlion of earnings before interest, tax, depreciation and amortisation (Ebitda). “The decline in the valuation of the company will be another $2 billion, as it paid close to Rs 2.5 million per tenant. This would