La Caisse invests $1.3B for 24% of India's biggest tower platform Altius
What's the deal? Global investment group La Caisse has invested roughly INR 121 billion (C$1.76 billion) to acquire a 24% stake in Altius Telecom Infrastructure TrustDealroom has a profile for this one. Try Dealroom →, India's largest independent telecom tower platform. The transaction, announced September 2, 2026, is now complete. BrookfieldDealroom has a profile for this one. Try Dealroom → remains AltiusDealroom has a profile for this one. Try Dealroom →' largest investor.
Who's involved? La Caisse, the Montréal-based group formerly known as CDPQDealroom has a profile for this one. Try Dealroom →, joins existing shareholders that include affiliates of GIC and British Columbia Investment Management Corporation (BCI)Dealroom has a profile for this one. Try Dealroom →. Altius owns and operates more than 258,000 telecom towers and sites across India, providing the infrastructure that lets mobile operators deliver 4G and 5G services.
Why now? India is the world's second-largest telecommunications market, and rising mobile data use and 5G rollout are driving demand 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, La Caisse's head of infrastructure and sustainability.
What's the endgame? Brookfield plans to keep backing Altius' expansion. "Altius has built a scaled, nationwide platform that is in a leading position to meet India's demand for mobile connectivity and 5G infrastructure," said Sam Pollock, chief executive officer of Brookfield's infrastructure group.
The players' scale: La Caisse held C$552 billion in net assets as at June 30, 2026, and invests for 48 depositors representing over 6 million Quebecers. Brookfield manages over $1 trillion in assets across infrastructure, energy, private equity, real estate, and credit.
The signal: The deal marks another large institutional bet on India's digital backbone, as long-term capital chases the connectivity buildout behind one of the world's fastest-growing mobile markets. For La Caisse, it deepens a global tower and digital infrastructure portfolio alongside partners it already knows well.
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