Altius Telecom Infra

Altius Telecom Infrastructure Trust's sponsor, BIF IV Jarvis India Pte Ltd, sold 137.5 million units in the trust for ₹2,269 crore through open market transactions on June 16. The sale reduced the sponsor's stake from 49.85% to 45.34%. The transactions were disclosed to the exchange on June 18 under insider trading regulations. The sponsor is part of Brookfield's infrastructure group. The sale represents a significant reduction in the sponsor's holding, though it remains the largest unitholder. The trust manages a portfolio of telecom infrastructure assets.

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MUMBAI, March 6 (Reuters) - India's Altius Telecom Infrastructure Trust ALTU.BO has accepted bids worth 14.5 billion rupees ($158.2 million) in a sale of bonds maturing in seven years, three bankers said on Friday.

The issuer will offer a coupon of 7.5%, payable quarterly, and had invited commitment bids earlier in the day, they said.

Altius Telecom Infrastructure Trust did not respond to a request for comment.

Here is the list of deals reported so far on March 6:

*Size includes base plus greenshoe for some issues

($1 = 91.6750 Indian rupees)

(Reporting by Dharamraj Dhutia and Khushi Malhotra; Editing by Mrigank Dhaniwala)

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MUMBAI, March 5 (Reuters) - India's Altius Telecom Infrastructure Trust ALTU.BO plans to raise 14.5 billion rupees ($158.6 million) through the sale of bonds maturing in seven years, three bankers said on Thursday.

The issuer will offer a coupon of 7.5%, payable quarterly, and has invited commitment bids for the issue on Friday, they said.

Altius Telecom Infrastructure Trust did not immediately respond to a request for comment.

Here is the list of deals reported so far on March 5:

*Size includes base plus greenshoe for some issues

($1 = 91.4250 Indian rupees)

(Reporting by Dharamraj Dhutia and Khushi Malhotra; Editing by Mrigank Dhaniwala)

(([email protected], [email protected]))

MUMBAI, April 17 (Reuters) - India's Altius Telecom Infrastructure Trust has accepted bids worth 12 billion rupees ($140.4 million) for bonds maturing in 10 years, three bankers said on Thursday.

The trust will pay a coupon of 7.45%, which will be payable on a quarterly basis, and had invited bids from bankers and investors for the issue earlier in the day, they said.

The company did not reply to a Reuters email seeking comment.

Here is the list of deals reported so far on April 17:

*Size includes base plus greenshoe for some issues

($1 = 85.4520 Indian rupees)

(Reporting by Dharamraj Dhutia
Editing by Sonia Cheema)

(([email protected]))

MUMBAI, April 16 (Reuters) - India's Altius Telecom Infrastructure Trust plans to raise 12 billion rupees ($140.09 million) through the sale of bonds maturing in 10 years, three bankers said on Wednesday.

The trust will pay a coupon of 7.45%, which would be payable on a quarterly basis and has invited bids from bankers and investors for the issue on Thursday, they said.

The company did not reply to a Reuters email seeking comment.

Here is the list of deals reported so far on 16:

*Size includes base plus greenshoe for some issues

($1 = 85.6600 Indian rupees)

(Reporting by Dharamraj Dhutia
)

(([email protected]))

MUMBAI, Oct 29 (Reuters) - India's Summit Digitel Infrastructure plans to raise 10 billion rupees (about $119 million) by selling bonds maturing in seven years, two merchant bankers said on Tuesday.

The company, which provides infrastructure services to mobile network operators, has invited bids from bankers and investors later in the day, they said.

The company did not immediately reply to a Reuters email seeking comment.

Here is the list of deals reported so far on Oct. 29:

*Size includes base plus greenshoe for some issues

($1 = 84.0680 Indian rupees)

(Reporting by Dharamraj Dhutia; Editing by Savio D'Souza)

(([email protected]))

MUMBAI, Aug 28 (Reuters) - India's Data Infrastructure Trust DATN.BO plans to raise 18.50 billion rupees ($220.4 million) through a sale of bonds maturing in 10 years, three bankers said on Wednesday.

The company, has invited coupon and commitment bids for the issue on Thursday, they said.

Here is the list of deals reported so far on Aug. 28:

*Size includes base plus greenshoe for some issues

($1 = 83.9480 Indian rupees)

(Reporting by Dharamraj Dhutia; Editing by Sonia Cheema)

(([email protected]))

MUMBAI, Aug 2 (Reuters) - India's Summit Digitel Infrastructure has accepted bids worth 9.50 billion rupees ($113.45 million) for bonds maturing in five years and seven months, two merchant bankers said on Friday.

The company, which provides infrastructure services to mobile network operators, will pay a coupon of 7.87%, payable on a quarterly basis and had invited bids from bankers and investors earlier in the day, they said.

The coupon will be stepped up by 25 basis points for every notch of rating downgrade.

Here is the list of deals reported so far on Aug. 2:

*Size includes base plus greenshoe for some issues

($1 = 83.7390 Indian rupees)

(Reporting by Dharamraj Dhutia and Bhakti Tambe; Editing by Janane Venkatraman )

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MUMBAI, Aug 1 (Reuters) - India's Summit Digitel Infrastructure plans to raise 9.50 billion rupees ($113.5 million) through a sale of bonds maturing in five years and seven months, two merchant bankers said on Thursday.

The company, which provides infrastructure services to mobile network operators, has invited bids from bankers and investors on Friday, they said.

The coupon will be stepped up by 25 basis points for every notch rating downgrade.

Here is the list of deals reported so far on Aug. 1:

*Size includes base plus greenshoe for some issues

($1 = 83.6850 Indian rupees)

(Reporting by Dharamraj Dhutia and Bhakti Tambe; Editing by Sonia Cheema)

(([email protected]))

MUMBAI, April 30 (Reuters) - India's Summit Digitel Infrastructure has accepted bids worth 6 billion rupees ($71.93 million) for bonds maturing in five years, two merchant bankers said on Tuesday.

The company will pay a coupon of 7.89% for the issue and has invited bids from bankers and investors on Tuesday, they said.

Here is the list of deals reported so far on April 30:

*Size includes base plus greenshoe for some issues

($1 = 83.4115 Indian rupees)

(Reporting by Dharamraj Dhutia and Bhakti Tambe;
Editing by Mrigank Dhaniwala)

(([email protected]))

MUMBAI, April 29 (Reuters) - India's Summit Digitel Infrastructure plans to raise 6 billion rupees ($71.91 million) through the sale of bonds maturing in five years, two merchant bankers said on Monday.

The company will pay a coupon of 7.89% for the issue and has invited bids from bankers and investors on Tuesday, they said.

Here is the list of deals reported so far on April 29:

* Size includes base plus greenshoe for some issues

($1 = 83.4376 Indian rupees)

(Reporting by Dharamraj Dhutia;
Editing by Sohini Goswami)

(([email protected]))

MUMBAI, Jan 29 (Reuters) - India's Summit Digitel Infrastructure has accepted bids worth 6.50 billion rupees ($78.21 million) for bonds maturing in five years, two merchant bankers said on Monday.

The company will pay a coupon of 8.06% for this issue and had invited bids from bankers and investors earlier in the day, they said.

In October, the company raised 5.25 billion rupees by selling bonds maturing in three years at a coupon of 8.19%.

Here is the list of deals reported so far on Jan. 29:

* Size includes base plus greenshoe for some issues

($1 = 83.1110 Indian rupees)

(Reporting by Dharamraj Dhutia
Editing by Sonia Cheema)

(([email protected]))

Adds analyst comment in paragraph 4, details throughout, updates shares

By Nandan Mandayam

Jan 4 (Reuters) - Brookfield Asset Management BAM.TO will buy American Tower Corp's (ATC) AMT.N loss-making Indian operations for $2.5 billion, it said Friday, becoming the country's largest operator of telecom towers amid booming demand for data and wider use of 5G services.

The acquisition is the biggest of Brookfield's three telecom-related deals in the roughly four years the Canadian company has been present in India, the world's second-largest market by number of subscribers.

ATC, on the other hand, will exit India after nearly 17 years. Its fortunes have floundered due to the struggles of top client Vodafone Idea VODA.NS and it recently wrote down the value of the business by $322 million.

Brookfield, whose so-called anchor client is Reliance Industries' RELI.NS Jio, will be in "a better position to manage the challenge that ATC had with high exposure to Vodafone Idea," said Vivekanand S, an analyst at Ambit Capital Research.

Jio and Vodafone Idea compete with Bharti Airtel BRTI.NS in the Indian telecom market where, according to an Ericsson report, the number of 5G subscribers will quadruple by 2027, accounting for 40% of the total base, from 11% in 2023.

Airtel is the anchor client of Indus Towers INUS.NS, the current market leader with roughly 193,000 towers. Brookfield has around 157,000 towers and ATC operates some 77,000 towers.

The presence of Airtel, said Vivekanand, means Brookfield's deal to buy ATC will not threaten Indus Towers.

Indus Towers became India's biggest telecom towers company in late 2020 when it merged with Bharti Infratel, then a unit of Airtel, to form a $14.6-billion giant. Brookfield's latest deal is the largest in the space since then.

Bharti Airtel currently owns about 48% of Indus and Vodafone Idea owns roughly 3%.

Indus's shares rose 5.5% in afternoon trading on Friday, while Bharti Airtel's shares were little changed.

($1 = 83.2150 Indian rupees)

(Reporting by Nandan Mandayam, Yagnoseni Das and Rishabh Jaiswal in Bengaluru; Editing by Rashmi Aich and Savio D'Souza)

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MUMBAI, Jan 1 (Reuters) - India's Data Infrastructure Trust plans to raise 3.20 billion rupees ($38.5 million) through the sale of bonds maturing in nearly three years, three bankers said.

The cmpany will pay a coupon of 8.40%, and has invited coupon and commitment bids for the issue on Friday, they said.

The issue will have a put/call option at end of two years and six months.


Here is the list of deals reported so far on Jan. 1:

*Size includes base plus greenshoe for some issues

($1 = 83.1775 Indian rupees)

(Reporting by Dharamraj Dhutia; Editing by Savio D'Souza)

(([email protected]))

By Dharamraj Dhutia

MUMBAI, Dec 29 (Reuters) - India's Data Infrastructure Trust is likely to raise funds through a private placement of bonds in the last quarter of the fiscal year, merchant bankers said on Friday.

The company is likely to raise around 11 billion rupees ($132.3 million) through the issuance of shorter-duration papers, the bankers added.

"They may come up with a five-year or seven-year issue, and it looks as if they would come in early and not wait for the end of the quarter," one of the bankers said.

The bonds are rated AAA by Crisil and the ratings reflect the strong credit profile of the underlying assets of the company, which is into telecom infrastructure, the rating agency said in its note.

The company is yet to officially announce the bond issue, and did not respond to a Reuters email seeking comment.

($1 = 83.1510 Indian rupees)

(Reporting by Dharamraj Dhutia; Editing by Savio D'Souza)

(([email protected]))

Aug 31 (Reuters) - Data Infrastructure Trust DATN.BO:

• APPROVED ISSUANCE OF COMMERCIAL PAPERS UP TO 10 BILLION RUPEES WITH MATURITY PERIOD UP TO 1 YEAR

Source text for Eikon: ID:nBSE7qBV9n

Further company coverage: DATN.BO

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