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Wireless

Brookfield consortium to acquire Reliance tower business for INR 252 bln

Monday 22 July 2019 | 09:52 CET | News
Reliance Industrial Investments and Holdings Limited (RIIHL), a subsidiary of India's Reliance Industries, has signed an agreement with BIF IV Jarvis India, an affiliate of Brookfield Asset Management for an investment by Brookfield (along with co-investors) of INR 252.15 billion in the units proposed to be issued by the Tower Infrastructure Trust. Brookfield's investment in the towers infrastructure used by mobile operator Reliance Jio remains subject to the receipt of government and regulatory approvals.

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Categories: Mobile & Wireless
Companies: Reliance Industries
Countries: India
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