Edition:
United Kingdom

American Tower expects to enforce avg non-cancelable remaining contract terms on leases with Tata Teleservices


Monday, 9 Oct 2017 

Oct 9 (Reuters) - American Tower Corp ::American Tower Corp releases information about its business in light of press reports regarding Tata Teleservices Limited in India​.American Tower - ‍for quarter ended June 30, Tata Teleservices accounted for about $80 million, or 5 pct of co's consolidated property revenues​.American Tower Corp - ‍tata teleservices accounted for approximately $40 million in gross margin for quarter ended June 30​.American Tower - ‍as of September 30, average remaining non-cancellable contract term with Tata Teleservices was in excess of 6 years​.American Tower - expects to "fully enforce" average non-cancelable remaining contract terms on leases with Tata Teleservices​.