Brookfield to acquire towers, BTS pipeline from Jio
The Canadian infrastructure fund signed a binding agreement in December and is now awaiting regulatory approval
December was definitely not a slow month for the global telecom infrastructure industry, with deals and other exciting news popping from all four corners of the globe. One of the news TowerXchange was eagerly waiting for related to the progresses of the Reliance Jio Infratel-Brookfield deal, which – after the binding agreement sealed last month – is now one step closer to completion. Lets revisit what we know about it, following my previous editorial which can be found here.
This past December, Brookfield Infrastructure Partners signed a binding agreement to acquire 100% of Reliance Jio Infratel from Reliance Industrial Investments and Holdings Limited, a wholly owned subsidiary of Reliance Industries Limited.