Brookfield to Acquire Reliance Communications’ Tower Assets for US$1.6 Billion (Asia)

Source: Reliance Communications

Brookfield Asset Management has agreed to acquire a 100 percent interest in the tower assets of India-based telecommunications provider Reliance Communications for INR110 billion (approximately US$1.6 billion). Brookfield will invest through NYSE- and TSX-listed Brookfield Infrastructure Partners. The transaction is subject to regulatory and shareholder approval.