Brookfield Asset Management acquires American Tower's India operations for $2.2B, becoming the largest telecom tower company.

Brookfield Asset Management has acquired American Tower's operations in India for ₹18,200 crore ($2.2 billion), making its Data Infrastructure Trust (DIT) the largest telecom tower company in the country with 257,000 sites. The acquisition, approved by the Competition Commission of India, includes approximately 76,000 communications sites and will operate under the new brand Altius. This marks Brookfield's third major investment in India's telecom sector.

September 12, 2024
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