Brookfield Prepares $630 Million India IPO for Altius Telecom Trust

Brookfield Asset Management Inc. is moving toward a public listing of Altius Telecom Infrastructure Trust, the largest operator of telecommunications towers in India. The firm is expected to file draft prospectus papers as early as May to initiate the process. The planned initial public offering aims to raise approximately 60 billion rupees, which is equivalent to $630 million. This move highlights the ongoing monetization of critical digital infrastructure assets within the Indian market. To facilitate the offering, Brookfield has engaged a comprehensive group of financial advisors. The consortium includes Citigroup Inc., Jefferies Financial Group Inc., Axis Bank Ltd., Kotak Mahindra Capital Co., JM Financial Ltd., and Novaaone Capital Pvt. In addition to the primary public offering, the company is reportedly considering a pre-IPO funding round. This strategic move could raise an additional 30 billion rupees before the trust officially enters the public market. The listing of a sector leader in the tower infrastructure space is expected to provide a valuation benchmark for other infrastructure investment trusts in the region, potentially attracting further foreign capital into India's telecom sector.