Indian Investment a 'Black Mark' on American Tower: MoffettNathanson
American Tower invested a cumulative $5.1 billion in its India business, which it plans to sell to Brookfield Asset Management for up to $2.5 billion (see 2401050058), MoffettNathanson’s Nick Del Deo told investors Tuesday. “American Tower’s experience in India has…
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been, by far, the most notable black mark on what has otherwise been a very good multi-decade global capital allocation track record,” he said.