American Tower Corp (ATC) will look at all deal opportunities on the table and take appropriate calls to expand its towers portfolio in India via organic and inorganic routes, a top executive of the Boston-based independent telecom tower company said.
"ATC will look at both organic and inorganic play to expand its towers portfolio in India, but as a policy, we don't comment on any specific ongoing deal opportunity," Sanjay Goel, president (APAC) of ATC, told ET.
He was replying to a specific query about the $9.36-billion ATC likely buying a portion of British telecom major Vodafone Group Plc's 21% stake in India's largest telecom tower company, Indus Towers.
Goel added that ATC "continuously evaluates opportunities and its commitment to India will remain very strong".
UK's Vodafone Group has recently said it's talking to several interested parties to sell its remaining 21% stake in Indus. It has already sold 7.1% in Indus - 4.7% to Bharti Airtel for ₹2,388 crore and another 2.4% to undisclosed investors for ₹1,443 crore - in back-to-back deals.
Earlier this month, ET had reported that UK's Vodafone Group was in talks with ATC, Crown Castle International, Brookfield and other long-term sovereign and pension money managers to sell its 21% stake in Indus via block deals.