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

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
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...

More Finance

UPDATED: ASB, ANZ offered settlement in class action stoush
Finance

UPDATED: ASB, ANZ offered settlement in class action stoush

ANZ immediately rejected the offer as a "stunt".

Pattrick Smellie 16 Jul 2025
Aussie fintech InDebted buys NZ firm Debtworks
Finance

Aussie fintech InDebted buys NZ firm Debtworks

Debtworks’ 44 staff will be absorbed into InDebted and clients will be carried over.

John Anthony 14 Jul 2025
Auckland Future Fund to announce global manager
Finance

Auckland Future Fund to announce global manager

Goodbye term deposits, hello diversified global equities. 

Oliver Lewis 11 Jul 2025
Critic says Govt 'missing the point' on AML
Finance

Critic says Govt 'missing the point' on AML

Critic says problems with AML/CFT come down to how rules have been interpreted.

Dileepa Fonseka 08 Jul 2025