India: Large global investment funds drive consolidation in telecom tower sector

Telecom tower sector is being consolidated by global investment funds
Photo: Priyanka Parashar/Mint

With Brookfield Asset Management emerging as one of the key contenders to acquire the independent tower assets of Idea Cellular Ltd and Vodafone India Ltd, the Canadian alternative asset manager— which also signed a deal in December to acquire the towers of Reliance Communications Ltd is looking to control up to 20 per cent of the market in India.

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