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ATC India has a portfolio of approximately 78,000 sites across the country.
This will be Brookfield's third acquisition in the Indian telecommunications space. In 2022, Brookfield acquired a portfolio of 5,000 indoor business solution sites and small cell sites, which advances the rollout of 5G and enables telecom operators to extend their coverage capacity in difficult-to-access and dense areas.
Brookfield also has a portfolio of nearly 1,75,000 towers that were acquired in 2020 from Reliance Industrial Investments and Holdings Ltd.
ATC India will be included in DIT, which includes the existing telecommunications assets.
"Through strategic acquisitions like ATC India, we remain deeply committed to empowering digital connectivity and transforming the telecom infrastructure landscape across the region," he added.
In India, Brookfield has approximately USD 25 billion in assets under management across Infrastructure, Real Estate, Renewable Power & Transition and Private Equity.