Morrison & Co consortium buys 49% of Telstra mobile towers for A$2.8b

Morrison & Co chief executive Marko Bogoievski sees further investment opportunities within InfraCo Towers. (Image: Supplied)

Jenny Ruth

Wed, 30 Jun 2021

Morrison & Co said it is part of a consortium that will acquire 49% of Telstra's mobile tower sites in Australia, a transaction valuing Telstra InfraCo Towers at A$5.9 billion.Telstra owns Australia's largest network of mobile towers at about 8,200 including more than 5,500 mobile towers supporting critical digital infrastructure throughout Australia.The consortium managed by Morrision & Co includes the Future Fund, Australia's sovereign wealth fund, Sunsuper and the Commonwealth Superannuation Corp (CSC).The transaction is...

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