La Caisse invests alongside Brookfield in Altius, India's largest independent telecom tower platform

• Investment reflects growing demand for mobile connectivity and 5G infrastructure in India.

MONTRÉAL and MUMBAI, India, Sept. 2, 2026 /CNW/ -- 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
[email protected] 

Brookfield
SHVETA SINGH
[phone]
[email protected]

SOURCE La Caisse