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This Brookfield-backed telco wants to raise ₹6,000cr via IPO
25 May 2026

Altius Telecom Infrastructure Trust, India's second-largest telecom tower operator and backed by Brookfield Asset Management, is gearing up for a ₹6,000 crore initial public offering (IPO).

The company plans to file its draft red-herring prospectus (DRHP) by the end of this month or early June, as per Moneycontrol.

Investment banks JM Financial, Kotak Mahindra Capital, Axis Capital, Citi, and Jefferies are working on the Altius IPO.

Pre-IPO funding round in works
Funding details

Altius plans to raise some ₹3,000 crore in a pre-IPO funding round.

A major chunk of the money raised through this process will go toward paying off debt for both the InvIT and its underlying assets.

The company's pre-IPO and IPO strategy also includes a secondary stake sale by Brookfield.

Altius's telecom tower assets have grown rapidly
Expansion journey

Established in 2019 when Brookfield bought Reliance Jio's telecom towers for over ₹25,000 crore, Altius has expanded its telecom assets from some 136,000 sites to over 257,000 by the end of 2025.

The firm also acquired more than 76,000 telecom towers from American Tower Corporation in an ₹18,200 crore deal in 2024.

Altius now commands a market share of 39% by number of towers.

Financial performance and operations
Financial performance

Altius's revenues have grown steadily from roughly ₹3,600 crore in FY21 to some ₹9,800 crore in FY25.

Meanwhile, its EBITDA has increased from ₹3,000 crore to nearly ₹7,000 crore during the same period.

The InvIT operates ground-based towers and masts as well as rooftop towers and in-building sites in India.