SINGAPORE -- Singaporean sovereign wealth fund GIC said on Tuesday that it has joined with co-investors, including Canada's Brookfield Infrastructure Partners, to purchase an Indian telecom tower company from a unit of Reliance Industries for $3.4 billion.
The acquisition gives the state investor and its partners a 100% stake in the telecom tower company held by Reliance Industrial Investments and Holdings Limited, a wholly-owned subsidiary of Indian billionaire business magnate Mukesh Ambani's Reliance Industries Limited.
