Sunday, 03 July 2022

AustralianSuper and Singtel consortium buy Macquarie’s Australian tower business

by Harry Baldock, Total Telecom
Friday 01 April 22

The sale comes with a price tag of roughly $2.7 billion and will see roughly 2,000 Australian towers change hands

Back in October last year, Singtel announced that it had sold a 70% stake in its wholly owned mobile infrastructure subsidiary, Australian Tower Network (ATN), to Australia’s largest pension fund, AustralianSuper, for $1.43 billion. ATN’s assets comprised around 2,300 mobile network towers and rooftop sites. As part of the agreement, ATN also pledged to build a further 565 new towers in the coming three years…

Back in October last year, Singtel announced that it had sold a 70% stake in its wholly owned mobile infrastructure subsidiary, Australian Tower Network (ATN), to Australia’s largest pension fund, AustralianSuper, for $1.43 billion. ATN’s assets comprised around 2,300 mobile network towers and rooftop sites. As part of the agreement, ATN also pledged to build a further 565 new towers in the coming three years…

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