The leading investment company British Columbia Investment Management Corporation, along with Brookfield Infrastructure Partners L.P, announced acquisition of a 100 per cent stake in a telecom tower company in India from a wholly-owned subsidiary of Reliance Industries Limited for approximately US$3.4 billion.
- The investment comprises a portfolio of around 135,000 communication towers which forms Reliance Jio Infocomm Limited’s telecommunication network.
- The towers were recently constructed and strategically located for cellular network coverage across India. More towers are planned, increasing the total number of towers in the transaction perimeter to approximately 175,000, building a robust telecommunications market within the country.
In May 2020, Searchlight Capital Partners, L.P., a leading global private investment firm, announced that it had completed the acquisition of the Northwest operations and assets of Frontier Communications in partnership with WaveDivision Capital, LLC, (WDC), the Public Sector Pension Investment Board (PSP Investments), British Columbia Investment Management Corporation (BCI) and Canada Pension Plan Investment Board (CPP Investments).
In February 2020, ClearMacro Ltd, the UK-based independent investment analytics provider, announced the completion of an investment by affiliates of British Columbia Investment Management Corporation (BCI).
In February 2020, Knightsbridge Capital Group, an asset-based lender based in Vancouver, announced that it had entered into a credit agreement with British Columbia Investment Management Corporation (BCI) for a $100 million operating facility to leverage one of its asset-based funds Maynbridge Capital Inc.
British Columbia Investment Management Corporation (BCI), headquartered in Victoria, Canada, is leading institutional investors. The company invests in all major asset classes including infrastructure and other strategic investments. The company offer investment options across a range of asset classes: fixed income; mortgages; public and private equity; real estate; infrastructure; and renewable resources.
About Reliance Industries
Reliance Industries Limited, headquartered in Mumbai, India, is a leading multinational company. RILs activities include petroleum refining and marketing, hydrocarbon exploration and production, petrochemicals, retail and digital services. The companys products and services portfolio touches almost all Indians on a daily basis, across economic and social spectrums.