Gic with brookfield infrastructure partners & others buy a telecom tower co in india

Its affiliates, with brookfield infrastructure partners & other co-investors, acquired a 100% stake in a telecom tower co in india.total equity commitment for transaction is about us$3.4 billion.investment comprises portfolio of around 135,000 communication towers.acquisition of stake in telecom tower co from reliance industrial investments & holdings, a unit of reliance industries.jio infocomm is anchor tenant of tower portfolio under 30-year master services deal, which will provide tower co with long-term source of revenue.
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