The recent $2.5-billion buyout of American Tower Corp’s India unit by Canada’s Brookfield will give them more firepower to compete with Indus Towers. Both tower companies are expected to offer new products and aggressive rental deals while negotiating long-term tower contract renewals. This consolidation will result in two dominant towercos in the 3-player telco market, ensuring an overall balance in pricing power. Brookfield's acquisition of ATC India will also boost Reliance Jio's 5G rollout. The combined tower assets of Brookfield and Indus will account for 80% of the sector's tower assets in India.
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