Transaction Closure : Sale of XCEL Telecom by Horse-Shoe Capital (an affiliate of Q Investments) to American Tower Mauritius

Edelweiss Capital Limited advised Horse-Shoe Capital (an affiliate of Q Investments) on the sale of its 100% equity interest in XCEL Telecom Pvt. Ltd. (“XCEL”) to American Tower Mauritius (a subsidiary of American Tower Corporation “ATC”). This marks the first complete exit by a financial investor through the M&A route in the telecom towers space in India.

XCEL was founded in 2006 by Horse-Shoe Capital to provide total infrastructure solutions to the growing telecom market in India. In the short period of time since start-up, XCEL owns and operates approx. 1,700 towers, including under construction sites across India.

About XCEL Telecom Pvt. Ltd.:
XCEL Telecom is a leading independent provider of shared telecom infrastructure solutions and services to the telecom cellular operators with a presence across India.

About American Tower Corporation:

American Tower is a leading independent owner, operator and developer of broadcast and wireless communications sites. Headquartered in Boston, Massachusetts, ATC owns and operates communications sites in the United States, Mexico, Brazil and India.

Enter Title