Archive · 3 Sep 2026
La Caisse Invests ₹12,100 Crore for 24% Altius Stake
La Caisse, a large Canadian pension investment group, 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 operates more than 258,000 towers and other telecom sites across India.
These sites help mobile companies provide 4G and 5G services.
Brookfield is still the biggest investor in Altius.
Other institutional investors connected with GIC and British Columbia Investment Management Corporation are also shareholders.
La Caisse said it knows the telecom tower business from investments around the world.
The investors expect India’s growing use of mobile data and 5G to increase demand for telecom infrastructure.
La Caisse acquired a 24% stake in Altius Telecom Infrastructure Trust for about ₹12,100 crore.
The completed transaction values the investment at CAD 1.76 billion, or approximately US$1.3 billion.
Brookfield remains Altius’s largest investor, alongside La Caisse and existing institutional shareholders.
Altius owns and operates more than 258,000 telecom towers and sites across India.
The investment targets India’s growing digital infrastructure demand driven by mobile data use and 5G expansion.
- Who
- La Caisse acquired the stake in Altius Telecom Infrastructure Trust, alongside Brookfield and existing institutional shareholders affiliated with GIC and British Columbia Investment Management Corporation.
- What
- La Caisse purchased 24% of Altius for approximately ₹12,100 crore, equivalent to CAD 1.76 billion.
- When
- The transaction was announced as completed on September 2, 2026.
- Where
- The investment concerns Altius’s telecom infrastructure platform operating across India.
- Why
- The investment gives La Caisse exposure to India’s expanding digital infrastructure market as mobile data consumption and 5G deployment increase demand.
- Investor
- La Caisse, formerly known as Caisse de dépôt et placement du Québec (CDPQ)
- Stake acquired
- 24% of Altius Telecom Infrastructure Trust
- Investment value
- Approximately ₹12,100 crore, or CAD 1.76 billion
- Transaction status
- Completed
- Altius infrastructure
- More than 258,000 telecom towers and sites across India
- Largest investor
- Brookfield remains Altius’s largest investor
- Trust status
- Altius is a Securities and Exchange Board of India-registered infrastructure investment trust
