Altius Telecom Infrastructure Trust, backed by Brookfield, is filing for a significant IPO as it cements its status as one of India’s leading telecom infrastructure providers, with strong financial growth and strategic stake sales by key investors.
Altius Telecom Infrastructure Trust, backed by Brookfield Asset Management, has moved towards a public listing after filing draft papers with India’s markets regulator for an initial public offering that aims to raise about ₹6,000 crore.
According to the draft prospectus, the offer will combine a fresh issue of units worth ₹500 crore with an offer for sale of up to 30.47 crore units by existing investors. The bulk of the secondary sale is expected to come from Brookfield-controlled BIF IV Jarvis India, which plans to sell as many as 18.86 crore units, while GIC-backed Anahera Investment and Rossland IMC Limited Partnership will also trim their holdings.
Altius said the money from the fresh issue would be used for portfolio assets and capital expenditure, with any remaining funds earmarked for general corporate purposes. Proceeds from the offer for sale, by contrast, will go to the investors selling their stakes rather than to the trust itself.
The proposed listing comes as Altius has built one of the country’s largest telecom infrastructure platforms, with 2.58 lakh sites and 3.15 lakh tenancies across all 22 telecom circles. The trust says that gives it roughly 39% market share by sites and 34% by tenancies. Its network spans macro towers, rooftop sites, in-building solutions and outdoor small cells.
The filing also lands after a strong financial year. Business Standard reported that Altius’ consolidated net profit rose 31.75% to ₹1,106.6 crore in FY26, while revenue increased 24.22% to ₹24,165 crore. For the March quarter, profit climbed 85.4% to ₹309.8 crore on sales of ₹6,021.2 crore. Scanx also reported that the trust’s fair value net asset value per unit improved to ₹170.77 from ₹139.28, while credit ratings were reaffirmed at AAA/Stable by CARE and CRISIL.
Brookfield remains the largest unitholder, with a 54.36% stake through BIF IV Jarvis India and Project Holdings Nine (DIFC), according to the draft papers. Anahera Investment holds 22.06%, while BCI IRR India Holdings, backed by British Columbia Investment Management Corporation, owns 9.77%. The IPO’s merchant bankers include JM Financial, NovaaOne Capital, Ambit, Axis Capital, Citigroup Global Markets India, Investec Capital Services (India), Jefferies India, Kotak Mahindra Capital Company, SBI Capital Markets and 360 ONE WAM.
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