by James E. Carroll
Brookfield Infrastructure Partners will acquire a 100% stake in a telecom tower company in India from Reliance Industrial Investments and Holdings Limited for US$3.7 billion, of which Brookfield Infrastructure will invest approximately $375 million, with the balance being funded by its institutional partners.
The deal includes approximately 130,000 communication towers that forms the infrastructure backbone of Reliance Jio’s mobile network.
“This is a unique opportunity to invest in a large-scale, high-quality telecom business and participate in India’s high-growth data industry,” said Sam Pollock, Chief Executive Officer of Brookfield Infrastructure. “This is an attractive business that offers downside protection with meaningful upside by co-locating equipment from other Mobile Network Operators on the towers, which to-date, have only carried Jio equipment. Further growth is anticipated through a tower build-out program, which is expected to bring the portfolio to approximately 175,000 towers.”
https://bip.brookfield.com/press-releases/2019/12-16-2019-112919449
AT&T sells 31 data centers to Brookfield Infrastructure for $1.1 billion
AT&T completed the sale of its data center colocation operations and assets to Brookfield Infrastructure and its institutional partners for $1.1 billion. This includes 18 Internet Data Centers (IDC) in the United States and 13 outside the United States. The colocation data center operations serve a diversified customer base of more than 1,000 companies. Brookfield has established a wholly owned company, Evoque Data Center Solutions (“Evoque”),.