The American Tower Corporation (ATC) is in the process of acquiring telecom infrastructure firm XCEL Telecom for an undisclosed amount.

The American Tower Corporation (ATC) is in the process of acquiring telecom infrastructure firm XCEL Telecom for an undisclosed amount. ATC’s Mauritian subsidiary American Tower Mauritius has entered into an agreement with Horse-Shoe Capital, Mauritius, which owns XCEL Telecom, for acquiring the Indian tower company. The transaction is expected to close in the second quarter of 2009, subject to customary closing conditions and regulatory and other approvals. XCEL Telecom owns and operates about 1,700 wireless communications towers, besides a number of towers that are under construction.