Singapore's GIC, Brookfield Infrastructure buy Indian telecom towers for $3.5 billion

ICT Materials 1 September 2020 08:56 (UTC +04:00)

GIC, Singapore’s sovereign wealth fund, said on Tuesday it and a group of investors, including Brookfield Infrastructure Partners LP, bought an Indian telecom tower company from a unit of Reliance Industries for $3.4 billion, Trend reports citing Reuters.

The investment by the group is for around 135,000 communication towers used by Reliance’s telecoms venture Jio Infocomm, GIC said in a statement.