Canada's BCI Invests in India's Largest Telecom Tower Platform

Sarah J · 2024-10-20T20:43:40.000Z

British Columbia Investment Management Corporation (BCI) has deepened its investment in India's digital infrastructure sector through a significant deal involving Data Infrastructure Trust (DIT). This strategic move has resulted in the creation of the largest telecom towers platform in India and globally, excluding China[1][2]. 1. BCI supported DIT's $2.2 billion acquisition of American Tower Corporation India (ATC India), which includes about 76,000 communication sites 2. The consolidated entity, branded as Altius, now controls 257,000 telecom sites, positioning it as a market leader 3. This investment aligns with the growing demand for digital infrastructure in India, driven by increasing data consumption and the rollout of 5G technology Market Drivers: - India's average monthly data consumption per subscriber is 31 GB, projected to reach 75 GB by 2029 - The country's digital economy is expected to reach $1 trillion by 2025. - Government initiatives like BharatNet are boosting rural connectivity and tower installations The telecom sector in India accounts for 1% of total carbon dioxide emissions, prompting a push for more sustainable practices in tower operations. The industry is adopting green energy solutions and implementing diesel-free sites to address these concerns This investment underscores the significant growth potential in India's telecom sector and reflects the increasing interest of foreign investors in the country's digital infrastructure[2]. https://www.asianinvestor.net/article/canadas-bci-backed-india-deal-creates-largest-telecom-towers-platform/498949

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Canada's BCI Invests in India's Largest Telecom Tower Platform | SEINET