A consortium of funds advised by global investment firm KKR and Canada Pension Plan Investment Board (CPPIB) has acquired a 10.3 percent stake in Bharti Infratel, the infrastructure-focused subsidiary of India-based telecom services provider Bharti Airtel, for INR61.9 billion (approximately US$950 million). Bharti Infratel develops and manages telecom towers and related infrastructure for mobile operators. KKR previously invested in the company in 2008 and exited in 2015.