The consortium is buying about 135,000 existing installations from India’s largest telecom, and plans for 40,000 more. Pension plan British Columbia Investment Management is providing an undisclosed amount of funding for the deal. (The Logic) 

Talking point: Jio had a market-leading 393 million wireless subscribers at the end of May, a month in which it added 3.66 million new lines, according to the Telecom Regulatory Authority of India’s latest report. The new tower owners have a 30-year contract with the carrier as it launches its upcoming 5G network and an increasingly data-intensive service layer including e-commerce, video streaming and mobile health care. Telecom infrastructure is booming in the country—its industry association forecasts a need for 100,000 more installments across all carriers. The Brookfield consortium beat out reported interest from Canada Pension Plan Investments and the Ontario Municipal Employees’ Retirement System, as well as Asian and Middle Eastern sovereign wealth funds.