GIC, Brookfield Team Up On $3.4B Indian Telecom Biz Deal

Law360 (September 1, 2020, 10:28 AM EDT) -- A group featuring Singapore sovereign investor GIC and Brookfield Infrastructure Partners has agreed to buy an India-based telecom tower business featuring about 135,000 communication towers from Reliance Industrial Investments and Holdings Ltd. for roughly $3.4 billion, the companies said Tuesday.

The terms of the transaction will see the group — comprising affiliates of GIC Pte. Ltd., Brookfield and other unidentified co-investors — acquire the telecommunication network of Reliance Jio Infocomm Ltd., which is a subsidiary of Indian conglomerate Reliance Industries Ltd., according to a statement from GIC. 

The target's portfolio includes about 135,000 communication towers that were recently erected and are...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.

  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!


Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Ask a question!