Brookfield backed Altius Becomes Largest Tower Company in India

Canada based Brookfield-lead consortium takes control of ATC India via Data Infrastructure Trust (DIT), an Infrastructure Investment Trust backed by Canada's Brookfield Asset Management alongwith other investors including British Columbia Investment Management Corp (BCI) and GIC Pvt. Ltd (Singapore) for an enterprise value of Rs 18,200 crore ($2.2 billion). It marks Boston based American Tower Corp's exit from India. 

With this buyout Brookfield would get approx. 76,000 towers from ATC India and its tower portfolio goes to 2,57,000 – making it largest tower company of India (also globally, outside China). Just positioned from 1st to 2nd, Bharti Airtel backed Indus Towers have 2,25,910 towers as of June 2024. 

India's Tower Companies Could Invest Rs 2 Trillion by 2025 for 5G Roll Out, Timeline of Tower Companies of India

There was a old post from 2017 - regarding the tower companies of India. However after Jio's entry with 4G in 2016 the scenario of Indian Telecom had changed a lot. As the mobile service providers saw ruthless merger and acquisition, the same came for tower space too. 

At present there are only handful of tower companies in India - top three companies are Summit Digitel, Indus Towers, American Tower Co. , just like the three pvt. telecom service providers - Jio, Airtel and Vi. Though in this space there are few smaller players survived - GTL, Aster.

As 5G is coming, the tower companies have found new zeal - by 2025 their investment could reach Rs 2 trillion to take care of 5G roll out.