kolkata apr 21 srei infrastructure finance today said it has completed the stake sale in viom networks to american tower corporation atc for rs 2931 crore srei sold its entire 18 per cent stake in telecom tower company viom in which the tatas and few others had shareholding a company official said the infrastructure financing firm along with other shareholders had entered into a definitive agreement with atc on october 21 2015 for selling its stake in viom viom owns and operates over 42000 wireless communication towers across india post the receipt of all regulatory approvals the transaction has been completed and we have now received the entire consideration for our stake sale this will lead to substantial cash inflow into srei which will lower its debt and reduce interest cost thereby augmenting capital and improving future profitability srei vicechairman and md of viom sunil kanoria said atc asia pacific pvt ltd singapore had acquired 51 per cent equity shareholding in viomand it is one of the largest fdi in the indian telecom sector in the last few years the overall transaction amounts to over rs 7600 crore resulting in a total fdi inflow of rs 5856 crore into the telecom infrastructure of the country srei said srei forayed into telecom tower business in 2005 along with quippo telecom infrastructure private limited qtipl with 50 towers between 2006 and 2008 qtipl grew to around 5000 towers through organic growth and acquisition of spice telecom towers in 2009 by way of merging its tower business with that of whollyowned subsidiary of tata teleservices limited viom was created with around 18000 towers bsm dkb abi