It is a late update #1 on Reliance Jio.
Back in December 2019, Jio announced Canada-based Brookfield Infrastructure Partners LP and its institutional partners (including Singapore's sovereign wealth fund GIC) would bought Jio's telecom assets through some complex deal. The valuation was Rs 25,215 cr. In September 2020 DoT cleared the transaction.
Summit Digitel Infrastructure, which is the new name of the tower arm of Jio Infratel under new ownership, currently has 1,51,000+ operational telecom sites.
Website of Summit Digitel: https://www.summitdigitel.com/
Facebook page of Summit Digitel: https://www.facebook.com/SummitDigitel/
In March 2022, BSNL has inked a pact to use Summit's passive infrastructure assests, while in April Airtel did similar agreement with it.
In December 2020, Summit Digitel joins Tower and Infrastructure Providers Association (TAIPA).
TAIPA has members like: Indus Towers Limited, ATC Group Companies, Tower Vision, Ascend Telecom Infrastructure, Sterlite Technologies, Space World, Coslight, Suyog Telematics, Applied Solar Technologies, iBus Networks and Summit Digitel Infrastructure.
TAIPA did a makeover in September 2021, as Digital Infrastructure Providers Association (DIPA) (https://dipa.co.in/). The rebranding came in the time to reposition itself as the representative body for digital communication industry players while aligning with future industry requirements.
The article is a part of tracking Reliance Jio.
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