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Brookfield consortium to acquire Reliance tower business for INR 252 bln
2019-07-22 09:52:00| Telecompaper Headlines
(Telecompaper) 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.
Tags: business
tower
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Category:Telecommunications