-- Investment reflects growing demand for mobile connectivity and 5G
infrastructure in India.
MONTRÃ%AL and MUMBAI, India, Sept. 2, 2026 /PRNewswire/ -- 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.
For more information
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
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content:https://www.prnewswire.com/news-releases/la-caisse-invests-alongside-brookfield-in-altius-indias-largest-independent-telecom-tower-platform-302867633.html
SOURCE La Caisse
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