Indian Investment a 'Black Mark' on American Tower: MoffettNathanson

American Tower invested a cumulative $5.1 billion in its India business, which it plans to sell to Brookfield Asset Management for up to $2.5 billion (see 2401050058), MoffettNathanson’s Nick Del Deo told investors Tuesday. “American Tower’s experience in India has been, by far, the most notable black mark on what has otherwise been a very good multi-decade global capital allocation track record,” he said.