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Idea jumps up 12% on ATC completing buyout of tower business

Idea jumps up 12% on ATC completing buyout of tower business

Wednesday, March 15, 2017, 11:36 AM

Idea Cellular soared over 12% intraday on Wednesday after reports stated that ATC was close to completing a buyout of the firm’s tower business. ATC’s global management is in the country currently to finalize the transaction details, sources informed CNBC-TV18. ATC and Idea are keen on closing the deal before the merger with Vodafone is finalized.
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