Brookfield, which owns and operates infrastructure assets, agreed to acquire Wireless Infrastructure Group, the independent wireless infrastructure operator headquartered in the UK, from 3i Infrastructure, an international investor focused on private equity, infrastructure, and debt management, for c. £387m ($506m). “This sale arises unexpectedly but in the context of a changing competitive landscape in the UK mobile towers sector where scale is increasing in importance, with a number of potential tower portfolio transactions anticipated to take place next year. In the process of preparing to position WIG for such a transaction, we received a compelling offer from Brookfield Infrastructure which, after careful consideration, we decided to accept. We concluded that it is better for shareholders that we sell our interest in WIG at this attractive price and look to recycle the capital into new opportunities," Phil White, 3i Managing Partner and Head of Infrastructure.