India's CCI Approves La Caisse's Stake Acquisition in Altius Telecom Infrastructure Trust

en.Wedoany.com Reported - On August 28, CDPQ Infrastructures Asia III Inc., an affiliate of Canadian institutional investor La Caisse, filed a transaction notice with the Competition Commission of India (CCI) regarding the acquisition of certain trust units in Altius Telecom Infrastructure Trust. The transaction was filed under the green channel route pursuant to Section 6(4) of the Competition Act, 2002, and is deemed approved by the CCI in accordance with the relevant procedure. The specific shareholding percentage and transaction value have not been disclosed.

The acquisition is being carried out by CDPQ Infrastructures Asia III Inc., a direct wholly-owned subsidiary of La Caisse. La Caisse currently also conducts business in India through entities such as CDPQ India, Ivanhoe Cambridge Investment Advisory (India) Pvt Ltd, and SITQ India Pvt Ltd. The CCI filing indicates that the parties to the transaction, along with their respective group entities and affiliates, do not have any horizontal overlaps, vertical linkages, or complementary relationships in the relevant markets in India.

Altius Telecom Infrastructure Trust, formerly known as Data Infrastructure Trust, is an infrastructure investment trust registered with the Securities and Exchange Board of India, primarily providing passive telecommunications infrastructure services in India. According to Altius's official website, its infrastructure is deployed across India, currently owning over 258,000 communication towers, with business coverage spanning macro sites, in-building coverage, small cells, and telecommunications infrastructure such as power and space for mobile operators, with network facilities supporting communication technologies from 2G to 5G.

Altius has been continuously consolidating India's telecom tower assets in recent years. In August 2024, the CCI approved Data Infrastructure Trust's acquisition of all equity shares of ATC Telecom Infrastructure Private Limited and related transactions; subsequently, the trust was renamed Altius Telecom Infrastructure Trust. Public valuation documents show that as of March 2025, its asset portfolio covered five telecom tower assets, with over 250,000 communication towers, in-building coverage systems, and small cells.

This regulatory filing pertains solely to the acquisition of certain trust units in Altius by La Caisse's investment vehicle. The public documents have not disclosed the seller, the proposed percentage of units to be acquired, the transaction price, or the subsequent closing timeline.