CDPQ invests $1.76 billion in India's Altius telecom towers

Quebec pension fund CDPQ acquired a 24% stake in India's Altius Telecom Infrastructure Trust for $1.76 billion.

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As of 2026-09-02 16:46 UTC. Market figures are as the cited sources reported them at that time and may have moved since. This is news, not investment advice.

CDPQ (Caisse de dépôt et placement du Québec), the Quebec public pension fund, announced an investment of $1.76 billion to acquire a 24% minority stake in Altius Telecom Infrastructure Trust, a telecommunications tower operator in India. ^[1] CDPQ said in its announcement that Altius Telecom Infrastructure Trust owns and operates more than 258,000 telecommunications towers and sites in India, and is considered the country's largest independent telecommunications platform. ^[2] CDPQ stated that India is the world's second-largest telecommunications market and that mobile data consumption is rising. ^[3] According to the 2026-09-02 statement, Brookfield remains Altius' largest investor, alongside La Caisse and existing shareholders that are affiliates of GIC and the British Columbia Investment Management Corporation (BCI). ^[4] In an earlier interview, Emmanuel Jaclot said that cell towers provide stable and predictable revenues that resist inflation. ^[5] Emmanuel Jaclot, Executive Vice-President and Head of Infrastructure and Sustainability at La Caisse, said that La Caisse's investment in Altius is in an attractive market through an established platform, alongside Brookfield and other institutional partners with whom La Caisse has longstanding relationships. ^[6]

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CDPQ said in its announcement that Altius Telecom Infrastructure Trust owns and operates more than 258,000 telecommunications towers and sites in India, and is considered the country's largest independent telecommunications platform. · Le Devoir

CDPQ stated that India is the world's second-largest telecommunications market and that mobile data consumption is rising. · Le Devoir

According to the 2026-09-02 statement, Brookfield remains Altius' largest investor, alongside La Caisse and existing shareholders that are affiliates of GIC and the British Columbia Investment Management Corporation (BCI). ·

The HinduIndia

In an earlier interview, Emmanuel Jaclot said that cell towers provide stable and predictable revenues that resist inflation. · Le Devoir

Emmanuel Jaclot, Executive Vice-President and Head of Infrastructure and Sustainability at La Caisse, said that La Caisse's investment in Altius is in an attractive market through an established platform, alongside Brookfield and other institutional partners with whom La Caisse has longstanding relationships. ·

The HinduIndia

The one we could place publishes from India. 1 could not be placed by their address. None is an official body: that part stands on reporting, not on the underlying document or transcript.

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