Government approves Rs 25,215 crore Reliance-Brookfield mobile tower deal

NEW DELHI: The government has approved the Rs 25,215-crore deal between a subsidiary of Reliance Industries and Canadian firm Brookfield Infrastructure Partners LP, involving sale of over 1.35 lakh mobile towers, according to a regulatory filing.

Reliance Industries’ unit, Reliance Industrial Investments and Holdings Ltd (RIIHL), renamed as RPPMSL, had inked binding agreements with Brookfield Infrastructure Partners LP and its partners for the tower business deal in December 2019.