Business Standard

KKR to woo state funds for $12-bn tower firm deal

Brookfield also plans to weigh takeover bid for Indus Towers

Tower, Telecom
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George Smith AlexanderDinesh NairScott DeveauSiddharth Philip
A consortium led by KKR & Co has approached sovereign funds about joining a potential deal to take over Indus Towers, which could value India’s largest wireless infrastructure company at more than $12 billion, people with knowledge of the matter said. 
 
KKR and Canada Pension Plan Investment Board (CPPIB) are weighing a two-part transaction that would see them gain control of Indus Towers, according to the people, who asked not to be identified because the information is private. The investors are seeking financial partners to participate in the deal and have reached out to sovereign funds including Abu Dhabi Investment

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