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CCI approves sale of Reliance Infratel's towers to Brookfield

CCI approves sale of Reliance Infratel's towers to Brookfield

Friday, March 24, 2017, 9:38 AM

The Competition Commission of India approved the proposed sale of Reliance Infratel’s towers to Brookfield Group for Rs 11,000 crore, about a week after it okayed the merger of the company’s wireless business into Aircel Ltd. and Dishnet Wireless. A company which is a part of the Brookfield Infrastructure Group, will acquire 100% of Towercom Infrastructure Private Ltd.
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