Investment companies Brookfield, GIC and British Columbia Investment Management completed the acquisition of a telecom tower company of Reliance, an Indian multinational conglomerate, for $3.7bn. "For BCI and our clients, this investment is well aligned with our long-term strategy of investing in high quality companies and assets that fulfill essential needs of the communities in which they operate. Data services are increasingly critical to societies and economies in today's world — promoting both opportunity for individuals and potential innovation for local communities. BCI is excited by the opportunity to invest in infrastructure that will play a vital role in enabling India's continued economic growth," Lincoln Webb, BCI Executive Vice President