Brookfield and partners pay USD 3.4bn for tower company

01 September 2020 - 12:00 am UTC

Brookfield Infrastructure Partners and other investors have acquired a mobile tower infrastructure trust owned by Reliance Industries – India’s biggest company by market value – for INR 252.15bn (USD 3.4bn).

Brookfield is investing USD 600m, the Canadian asset manager said yesterday, adding that it purchased the stake from Reliance’s wholly-owned subsidiary, Reliance Industrial Investments and Holdings. It did not mention the size of its stake.

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Brookfield and partners pay USD 3.4bn for tower company

Brookfield Infrastructure Partners and other investors have acquired a mobile tower infrastructure trust owned by Reliance Industries – India’s biggest company by market value – for INR 252.15bn (USD 3.4bn).