Overview
- La Caisse completed the investment on Wednesday, September 2, 2026, acquiring a 24% stake in Altius for roughly INR 121 billion (CAD 1.76 billion).
- The deal leaves Brookfield as the largest investor while bringing together La Caisse, Brookfield, GIC affiliates and BCI as long‑term partners in the SEBI‑registered InvIT.
- Altius owns and operates about 258,000 telecom towers and sites across India, giving it nationwide reach to support mobile operators' 4G and 5G coverage and densification needs.
- The InvIT structure lets institutional owners hold passive infrastructure assets and recycle capital, and industry commentary says this capital raise strengthens Altius’s ability to compete with larger rivals on tenancy and rapid site deployment.
- The investment could speed network densification and 5G rollout in populated areas and it may affect Altius’s planned public listing, which industry sources say could require further regulatory filings if shareholdings change.