Brookfield lines up as potential buyer of Jio fibre, tower assets

8 Feb 2019

Canada-based private equity firm Brookfield Asset Management is reportedly in early talks to buy controlling shares in Reliance Jio Infocomm’s (Jio’s) fibre and tower assets, the Economic Times writes, citing a person familiar with the matter. Jio has previously disclosed plans to spin-off its tower and fibre assets into new entities that could then be monetised to reduce the telco’s debts. The potential deal was estimated to be worth over INR15 billion (USD210 million), according to the sources.

India, Brookfield Infrastructure Partners, Reliance Jio Infocomm (Jio)