Brookfield planning to acquire controlling shares in Reliance Jio’s tower and fibre assets

Brookfield Asset Management is in early talks with Reliance Jio Info-comm Limited for acquiring controlling shares in the operator’s telecom towers and fibre assets worth Rs 1.07 trillion. Reliance Jio had recently announced plans to spin off its tower and fibre assets into two separate entities, as part of an anticipated deleveraging exercise. This deal could be one of the largest mergers and acquisition in the country and the largest private equity investment as well.