The Globe and Mail reports in its Friday edition that Brookfield Asset Management has entered exclusive talks on a takeover of Bharti Infratel Ltd., India's largest listed wireless-tower owner, after submitting a bid valuing the company at about $11-billion (all dollar figures U.S.). A Bloomberg dispatch to The Globe says that would be Brookfield's biggest ever investment in India. Brookfield offered to buy a majority share of Bharti Infratel for around 400 rupees per share. An investor group including KKR & Co., CPPIB and Blackstone Group LP made an offer for a minority stake in the company which is controlled by billionaire Sunil Mittal. The bid from the KKR consortium was above the recent market price, though less than Brookfield's offer. Bharti Infratel shares had fallen 12 per cent from the start of the year through Wednesday, giving the company a market value of about $10.1-billion. A sale would help parent company Bharti Airtel Ltd. pay down net debt that totalled $11.9-billion at the end of September. "The asset is a very large one in the telecom space -- there are very few such assets with such scale on the block," Vivekanand Subbaraman, an analyst at Ambit Capital Pvt in Mumbai, told Bloomberg.