Mumbai, May 28, 2010
Horse-Shoe Capital (an affiliate of Q Investments) selected EthosData Virtual Data Room Services for the sale of its 100% equity interest in XCEL Telecom Pvt. Ltd. (“XCEL”) to American Tower Mauritius (a subsidiary of American Tower Corporation “ATC”). This marks the first complete exit by a financial investor through the M&A route in the telecom towers space in India.