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.

Ash Pithawala, CFO, Q-India Investment Advisors, states that “Using EthosData’s Virtual Data Room made the transaction process run seamlessly. From the setup process to the time we closed the transaction, their platform and service enabled us to focus on our work. We will recommend EthosData Virtual Data Room Services in subsequent transactions that we undertake.”

Francisco Lorca, CEO, EthosData: “We are extremely proud to have served Q Investments and their advisors Edelweiss in this transaction. This is a significant step in our long term plan to build on our position as the leading provider of Virtual Data Room services in India. Our local roots and presence together with our focus in top service are proving critical in the Indian market”

About XCEL Telecom Pvt. Ltd.:

XCEL was founded in 2006 by Horse-Shoe Capital to provide total infrastructure solutions to the growing telecom market in India. In the short period of time since start-up, XCEL owns and operates approx. 1,700 towers, including under construction sites across India.

About American Tower Corporation:
American Tower is a leading independent owner, operator, and developer of broadcast and wireless communications sites. Headquartered in Boston, Massachusetts, ATC owns and operates communications sites in the United States, Mexico, Brazil, and India.

About EthosData:
EthosData is a leading global Virtual Dataroom Provider with local presence in Mumbai, Delhi, Dubai, Hong Kong, London, New York.