Millennium Private Equity (MPE), an entity regulated by the Dubai Financial Services Authority (DFSA), which is the private equity arm of Millennium Finance Corporation (MFC), the leading international investment bank based in the Dubai International Financial Centre (DIFC), announced that it had established an investment structure with The Investment Corporation of Dubai (ICD) as its sole investor, to invest into an Indian telecoms tower business. MPE committed $100 Million together with other highly reputable investment firms such as Temasek Holdings, Goldman Sachs, Macquarie, AIF Capital, Citigroup and India Equity Partners out of a total investment of $1 Billion into Bharti Infratel (Infratel), a subsidiary of Bharti Airtel Limited, the leading telecoms player in India.
ICD is the investment arm of the Government of Dubai and manages the Government's portfolio of investments in over 40 leading local, regional and international corporations.
Source: Go Wealthy