$3.7B deal overall to invest in #1 Telecom Tower Asset business in India with 170K towers. Is worked out well that earlier 2017 deal with Anil Ambani company ($1.1B deal) for 45k towers fell through.
Will be interested to see breakdown of how much is co-investment and how much is BIP/BAM funding of this.
With 20 year contract with Reliance Jio and option to add new customers to these towers let’s hope this deal works our well. With 4G coming to India’s 1 Billion consumers this is going to be a sure shot winner with steady returns.
https://m.economictimes.com/industry/telecom/telecom-news/brookfield-reliance-inch-closer-to-a-towering-deal/articleshow/69749074.cms
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