Tower Infrastructure Trust buys Space Teleinfra at Rs 900 cr
Real Estate

Tower Infrastructure Trust buys Space Teleinfra at Rs 900 cr

Brookfield-backed Tower Infrastructure Trust acquired prime neutral host provider in India, Space Teleinfra Private Limited (STIPL), for Rs 900 crore.

The transaction financing is via a combination of units of Tower InvIT and cash issued to selling shareholders.

The company told the media that the transaction is subject to several regulatory and additional customary provisions precedent common in transactions of this nature.

Tower Infrastructure Trust has a necessary market share of India’s outdoor macro tower market. It is a SEBI designated Infrastructure Investment Trust funded by Brookfield and supported by leading global infrastructure investors.

Ankit Goel, Co-founder, and Managing Director, STIPL, told the media that the deal would plan significant growth possibilities for STIPL considering the synergies among Tower InvIT.

He further said that with the start of 5G and other data consumption trends, indoor connectivity becomes necessary as outdoor connectivity and the deal would unlock new doors for STIPL to take this opportunity ahead.

Earlier in 2019, Brookfield Partners acquired 1.3 lakh towers from Reliance Jio for approximately Rs 25,000 crore and later on, it became the sponsor of Tower Infrastructure Trust.

STIPL is a flourishing shared telecom infrastructure supplier for data and voice connectivity. The company began its operations in 2016 on giving telecom infrastructure to the mobile network. The firm has developed quickly in a short period. It has a well-spread client base over all the three key MNOs, including a pan-India presence.

Image Source


Also read: Jaypee Infratech acquisition: NBCC, Suraksha to submit revised bids

Brookfield-backed Tower Infrastructure Trust acquired prime neutral host provider in India, Space Teleinfra Private Limited (STIPL), for Rs 900 crore. The transaction financing is via a combination of units of Tower InvIT and cash issued to selling shareholders. The company told the media that the transaction is subject to several regulatory and additional customary provisions precedent common in transactions of this nature. Tower Infrastructure Trust has a necessary market share of India’s outdoor macro tower market. It is a SEBI designated Infrastructure Investment Trust funded by Brookfield and supported by leading global infrastructure investors. Ankit Goel, Co-founder, and Managing Director, STIPL, told the media that the deal would plan significant growth possibilities for STIPL considering the synergies among Tower InvIT. He further said that with the start of 5G and other data consumption trends, indoor connectivity becomes necessary as outdoor connectivity and the deal would unlock new doors for STIPL to take this opportunity ahead. Earlier in 2019, Brookfield Partners acquired 1.3 lakh towers from Reliance Jio for approximately Rs 25,000 crore and later on, it became the sponsor of Tower Infrastructure Trust. STIPL is a flourishing shared telecom infrastructure supplier for data and voice connectivity. The company began its operations in 2016 on giving telecom infrastructure to the mobile network. The firm has developed quickly in a short period. It has a well-spread client base over all the three key MNOs, including a pan-India presence. Image Source Also read: Jaypee Infratech acquisition: NBCC, Suraksha to submit revised bids

Next Story
Real Estate

Hyderabad Financial District Evolves into a City Within a City

The Financial District in Hyderabad is rapidly transforming into more than just a business hub—it is evolving into a “city within a city,” a compact ecosystem where work, home, education, healthcare, and lifestyle coexist seamlessly. This vision was reinforced at a press conference hosted by ASBL, where data and insights highlighted why the Financial District has become one of India’s most resilient and future-ready real estate markets. Over the past four years, rental appreciation has consistently outpaced the city average, underlining genuine demand. In FY 2024–25 alone, 3BHK ..

Next Story
Real Estate

TOTO Expands Bathroom Portfolio in India

TOTO India has expanded its product portfolio with the launch of season-inspired basins, premium faucets, and a new water-efficient WC range. The new additions reflect the brand’s philosophy of combining Japanese craftsmanship, technology, and design with sustainable living. The season-themed basins, enhanced with TOTO’s CEFIONTECT glaze, are offered in four shades—Forest Green, Mandarin Orange, Scarlet Red, and Ash Blue—each inspired by a season. Complementing these are faucets in Rose Gold and Graphite finishes, crafted with PVD technology for durability and manufactured using p..

Next Story
Infrastructure Energy

India Sees 1 per cent Drop in Power Sector CO₂ Emissions

India’s carbon dioxide emissions from the power sector fell by 1 per cent year-on-year in the first half of 2025, marking only the second decline in nearly 50 years, according to a research report. The reduction was largely driven by record clean-energy capacity additions and lower electricity demand due to unusually mild weather, the analysis by the Centre for Research on Energy and Clean Air (CREA) for Carbon Brief found.The Helsinki-based think tank attributed 65 per cent of the decline in fossil-fuel generation to slower demand growth, 20 per cent to faster expansion of clean energy, and..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?