American Tower Company (ATC) has acquired Transcend Infrastructure in a deal valued at Rs 95 crore. Transcend is a small time player in the Indian telecom infrastructure market with about 325 towers in Bihar, Orissa, West Bengal, Assam and North East and claims to have tenancy ratio of 1.3 per tower.

Mr Amit Sharma, President, ATC Asia, says, “This acquisition is in line with our commitment and growth strategy for India. Transcend’s strong regional portfolio, along with a team that has great expertise and experience in building and managing towers in difficult terrains, will help further consolidate ATC’s position as one of the fastest growing independent tower companies in India. We will use the Transcend platform to jump start our growth in the eastern circles where a majority of cellular operators are rolling out their networks.”

Earlier this year, ATC had bought XCEL Telecom.