Brookfield Asset Management, a global alternative asset manager, has successfully signed an agreement to acquire the Indian business of American Tower Corporation (ATC) for a staggering Rs.2 billion.

This strategic move positions Brookfield as a major player in the telecom industry, gaining access to ATC's extensive infrastructure and network assets across the country.

The acquisition is set to redefine the competitive dynamics in the Indian telecommunications sector, marking a significant milestone for both companies.

The Rs 2 billion deal underscores Brookfield's commitment to expanding its presence in key emerging markets and capitalizing on the growing demand for robust telecom infrastructure.

This development is expected to have a profound impact on the industry, opening new avenues for growth and collaboration.

The acquisition aligns with Brookfield's broader investment strategy, leveraging opportunities that contribute to its global portfolio while addressing the evolving needs of the Indian telecom market.