2 hrs ago
La Caisse Buys 24% Stake in Altius Telecom Infrastructure
La Caisse, a large Canadian pension fund, bought part of an Indian telecom infrastructure company.
It paid about ₹12,100 crore for a 24% share of Altius Telecom Infrastructure Trust.
Altius owns and runs more than 258,000 telecom towers and sites in India.
Brookfield is still the biggest investor in the trust.
Other investors include affiliates of GIC and British Columbia Investment Management Corporation.
La Caisse said it knows the telecom tower business from investments around the world.
Brookfield said the new investment shows confidence in Altius.
Both investors said they plan to help the company grow over the long term.
Canadian pension fund La Caisse acquired a 24% stake in Altius Telecom Infrastructure Trust for about ₹12,100 crore.
Altius operates more than 258,000 telecom towers and sites across India.
Brookfield remains Altius’s largest investor after the transaction.
Existing shareholders include affiliates of GIC and British Columbia Investment Management Corporation.
La Caisse and Brookfield said they would support Altius’s next phase of growth through long-term infrastructure investment.
- Who
- La Caisse acquired a stake in Altius Telecom Infrastructure Trust, alongside Brookfield and existing institutional investors.
- What
- La Caisse purchased 24% of Altius for approximately ₹12,100 crore, or CAD 1.76 billion.
- Where
- The investment concerns Altius’s telecom infrastructure operations across India.
- When
- The transaction was announced as complete on September 2, 2026.
- Why
- La Caisse said it was investing in an attractive telecom and digital infrastructure market and supporting Altius’s long-term growth.
Key facts
- Investor
- La Caisse, formerly CDPQ
- Stake acquired
- 24%
- Investment value
- Approximately ₹12,100 crore, or CAD 1.76 billion
- Target
- Altius Telecom Infrastructure Trust
- Altius infrastructure
- More than 258,000 telecom towers and sites across India
- Largest investor after transaction
- Brookfield
- Trust status
- A Securities and Exchange Board of India-registered infrastructure investment trust
Quotes
Emmanuel Jaclot
Executive Vice-President and Head of Infrastructure and Sustainability at La Caisse
“This is a sector we know well through our investments in telecom towers and digital infrastructure around the world. With Altius, we are investing in an attractive market through an established platform, alongside Brookfield and other institutional partners with whom we have longstanding relationships.”
freepressjournal.in
Sam Pollock
CEO of Brookfield's Infrastructure group
“La Caisse's investment brings another long-term institutional partner to the platform and reflects confidence in the strength of the business. Alongside our partners, we will continue to support Altius' next phase of growth by deploying our owner-operator capabilities and disciplined, long-term approach to infrastructure investing.”
freepressjournal.in
