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BCI, Brookfield buy 175,000 communication towers from Reliance in India

2020-09-02 10:53:00| Telecompaper Headlines

(Telecompaper) British Columbia Investment (BCI), alongside Brookfield Infrastructure Partners, have acquired a 100 percent stake in a telecom tower company in India from Reliance Industrial Investments, a subsidiary of Reliance Industries. The total equity commitment for the transaction is USD 3.4 billion. The investment comprises a portfolio of around 135,000 communication towers which forms Reliance Jio Infocomm's telecommunication network.

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Category:Telecommunications

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