La Caisse Invests in Altius, India's Largest Independent Telecom Tower Platform
Global investment group La Caisse has acquired a 24% stake in Altius Telecom Infrastructure Trust for approximately INR 121 billion (CAD 1.76 billion). The platform is the largest independent telecom tower operator in India and owns over 258,000 towers nationwide that support mobile connectivity including 4G and 5G services. The investment highlights growing demand for digital infrastructure as India's economy expands and more users rely on high-speed data. La Caisse will join Brookfield and other institutional investors such as GIC and BCI in supporting Altius' growth, leveraging long-term capital and operational expertise to meet increasing connectivity needs across the country. La Caisse emphasized its experience in global telecom infrastructure investments while Brookfield highlighted Altius’ strategic position for future expansion. The deal underscores confidence in India's telecommunications market as it continues evolving with 5G adoption.
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Topics: 5G India market private equity investment telecom infrastructure