According to Brookfield Infrastructure Partners LP it has completed the acquisition of Reliance Jio’s telecom tower assets for $3.4 billion.

An equity investment worth $3.4 billion is made by Brookfield and its institutional partners, of which Brookfield is investing $600 million.

In addition, Brookfield has acquired 135,000 recently constructed communication towers that form the infrastructure backbone of Reliance Jio’s telecom business.

Recently, Reliance Jio had received approval from Department of Telecommunications (DoT) and Securities and Exchange Board of India (SEBI) to sell units in Tower Infrastructure Trust to Brookfield Infrastructure Partners.