News Roundup: Ford Parts Supplier Looks for India Buyer

Entities Mentioned

• Economic Times
• Business Standard
• Ronnie Screwvala
• Apple Computer
• Reliance Digital
• Economic Times -RRB- Comments Post
• Apple India
• XCEL Telecom
• UTV Media
• Apple Inc.

1. Q Investment Closes Sale of XCEL Telecom to ATC - Leading US-based private equity firm Q Investment has closed the transaction to sell 100% shareholding in its incubated telecom tower firm XCEL Telecom to American Tower Corporation (ATC). XCEL Telecom was incubated in late 2006 by the Q investments family of funds to serve the telecom market in India and owned 100% equity in the company. Q Investments had invested about $40 million in XCEL and based on regulatory filings of American Tower, XCEL was valued at about $154 million at closure of the deal. (Business Standard) ... (Read Full Article)

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