The new Indian telecom infrastructure landscape
Brookfield to acquire 51% of Reliance Jio Infratel in latest industry twist
I have struggled to write about India for quite some time as every week, news emerges that will complicate the already tangled web of events affecting the local telecom tower market. But as I look closer, the Indian landscape is finally approaching re-definition, with only a few decisions remaining before the market achieves a “new normal”. Here is an overview of where Indian MNOs and towercos stand.
In the latest chapter of the never-ending Indian saga, Brookfield Asset Management and Reliance Industries have finally reached an agreement under which the Canadian fund will invest INR252bn (US$3.7bn) in the units proposed to be issued by Reliance Industries’ Tower Infrastructure Trust.