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Brookfield planning to acquire controlling shares in Reliance Jio’s tower and fibre assets

February 08, 2019
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Brookfield Asset Management is in early talks with Reliance Jio Infocomm Limited to acquire controlling shares in the operator’s telecom towers and fibre assets worth Rs 1.07 trillion. Reliance Jio had recently announced plans to spin off its tower and fibre assets into two separate entities, as part of an anticipated de-leveraging exercise.

This deal could be one of the largest mergers and acquisition in the country and would also be the largest private equity action. Moreover, a potential stake buy in Reliance Jio’s assets could make Brookfield the largest telecom infrastructure player in the country.

The deal with Brookfield will also help Reliance Jio to reduce its debt and lower the leverage ratio.

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