American Tower Corporation (ATC) reported a $1.2 billion loss from selling its Indian subsidiary, ATC Telecom Infrastructure Pvt Ltd (ATC-TIPL), to Brookfield. The loss primarily stemmed from currency fluctuations and included a $53.9 million liability for potential tax issues. Despite this, ATC recognized a $46.4 million gain from selling Vodafone Idea shares and debentures.
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