La Caisse invests alongside Brookfield in Altius, India's largest independent telecom tower platform

Yahoo Finance · 2026-09-02

La Caisse invests alongside Brookfield in Altius, India's largest independent telecom tower platform CNW Group Wed, September 2, 2026 at 7:01 AM EDT 3 min read BAM Investment reflects growing demand for mobile connectivity and 5G infrastructure in India. MONTRÉAL and MUMBAI, India, Sept. 2, 2026 /CNW/ -- Global investment group La Caisse (formerly CDPQ), and Brookfield today announced that La Caisse has invested approximately INR 121 billion (CAD 1.76 billion) to acquire a 24% stake in Altius Telecom Infrastructure Trust ("Altius"), India's largest independent telecom tower platform. With the transaction now complete, Brookfield remains Altius' largest investor, alongside La Caisse and existing shareholders who are affiliates of GIC and British Columbia Investment Management Corporation (BCI). Altius owns and operates more than 258,000 telecom towers and sites across India, giving it a nationwide presence. The platform provides the infrastructure that enables mobile operators to deliver 4G and 5G services. India is the world's second-largest telecommunications market, and continued growth in mobile data use and 5G is increasing the need for digital infrastructure. "As India's economy grows and more people and businesses rely on higher use of mobile data, the infrastructure behind those connections needs to keep pace," said 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." Sam Pollock, CEO of Brookfield's Infrastructure group, said, "Altius has built a scaled, nationwide platform that is in a leading position to meet India's demand for mobile connectivity and 5G infrastructure. 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." ABOUT LA CAISSE La Caisse has invested for over 60 years with a dual mandate: generate optimal long-term returns for its 48 depositors, who represent over 6 million Quebecers, and contribute to Québec's economic development. As a global investment group, La Caisse is active in the major financial markets, private equity, infrastructure, real estate and private credit. As at June 30, 2026, it held CAD 552 billion in net assets. For more information, visit LaCaisse.com , LinkedIn or Instagram . La Caisse is a registered trademark of Caisse de dépôt et placement du Québec that is protected in Canada and other jurisdictions and licensed for use by its subsidiaries. ABOUT BROOKFIELD Brookfield is a leading global investment firm with over $1 trillion in assets under management that owns and operates real assets and essential service businesses that form the backbone of the global economy. We invest on behalf of institutions and individuals around the world across infrastructure, energy, private equity, real estate, and credit—sectors critical to supporting economic growth and productivity. With a heritage spanning more than a century and operations in over 30 countries, we deploy long-term, patient capital to build the foundational assets and businesses that power a more connected, resilient, and sustainable future—seeking to build long-term wealth for our clients while delivering strong risk-adjusted returns for our shareholders. For more information, please visit our website at www.brookfield.com . La Caisse CONRAD HARRINGTON Senior Director – International Media Relations + 1 514 847-5493 charrington@lacaisse.com Brookfield SHVETA SINGH +91 9004287034 shveta.singh@brookfield.com View original content: https://www.prnewswire.com/news-releases/la-caisse-invests-alongside-brookfield-in-altius-indias-largest-independent-telecom-tower-platform-302867633.html View original content: http://www.newswire.ca/en/releases/archive/September2026/02/c4311.html

AI 시장 분석

Canadian pension fund La Caisse, alongside Brookfield, has acquired a 24% stake in Altius, India's largest independent telecom tower platform, for approximately 121 billion rupees (about C$1.76 billion). Owning and operating over 258,000 telecom towers across India, Altius provides essential digital infrastructure for the expansion of 4G and 5G services. This large-scale institutional investment demonstrates high confidence in the Indian market's explosive mobile data demand and the growth potential of its 5G infrastructure.

상승 영향

Telecom Infrastructure — La Caisse and Brookfield's C$1.76 billion equity acquisition will accelerate India's 5G and digital infrastructure expansion, increasing the asset value of related companies.

DYAX 전담 분석

This massive equity acquisition worth 121 billion rupees reinforces the long-term growth momentum of India's telecom infrastructure sector, raising expectations for asset valuation appreciation and stable cash flow generation. In particular, the influx of capital from major global institutions like Brookfield and La Caisse is expected to accelerate the pace of India's 5G network expansion.

The bullish scenario involves an acceleration of Altius's tower leasing revenues driven by a surge in 5G subscribers in India, while the bearish scenario entails profitability slowing down due to excessive infrastructure investment costs or intensifying competition among telecom operators. Key monitoring indicators are the growth rate of Indian mobile data usage and trends in leasing revenue per tower.

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Bullish (Long) 68% · Bearish (Short) 32%

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