Brookfield eyes Indian mobile towers as RCom deal stumbles: Reuters
A unit of Canada’s Brookfield Asset Management said it is evaluating a number of telecom tower portfolios in India to scale its presence after talks to acquire over 40,000 towers from debt-laden Reliance Communications hit a snag, Reuters reported. The deal with Brookfield hinged on Reliance Communications, or RCom, merging its mobile operations with rival Aircel but the merger was called off last month due to regulatory delays and legal uncertainties. "The merger will not proceed and therefore our transaction as previously announced will not proceed either. However, we continue to monitor the evolving situation to determine if revised terms can be agreed upon," Brookfield Infrastructure Partners said in an SEC filing on November 3. Brookfield said it is still pursuing RCom and other opportunities in this sector to scale its presence in India.
