Analysts question Infratil's CDC, Vodafone mobile towers valuations

Analysts question Infratil's CDC, Vodafone mobile towers valuations
Infratil CEO Jason Boyes says his company's asset valuations are conservative. (Image: Infratil)
Jenny Ruth
Infratil's portfolio is looking very lopsided at the moment, with its digital infrastructure assets including the Canberra Data Centres (CDC) and Vodafone New Zealand accounting for 62%.One reason for that is the ever-escalating valuation of CDC. The valuers bumped it up another 30% to between A$2.78 billion and nearly A$3b this year, helping to deliver Infratil's manager, HRL Morrison & Co, an accrued annual incentive fee of $99.7 million for the year ended March. Infratil owns 48.1% of CDC.Infratil's management has to produce...

More Infrastructure

‘Bluewater backbone’: Lyttelton, Auckland ports plan $1b+ of upgrades
Policy

‘Bluewater backbone’: Lyttelton, Auckland ports plan $1b+ of upgrades

Two of the biggest NZ ports are raising prices as they plan major investments.

Oliver Lewis 02 Jul 2025
Cost of Ōtaki to north of Levin highway nears $2b
Infrastructure

Cost of Ōtaki to north of Levin highway nears $2b

In 2020, the lower North Island expressway was costed at just $817m.

Oliver Lewis 01 Jul 2025
The keys to unlocking Northport's land value
Infrastructure

The keys to unlocking Northport's land value

MMH's land is valued at five times less than its next-door neighbour, Channel.

Ian Llewellyn 30 Jun 2025
Food scrap U-turn chills waste sector investment
Infrastructure

Food scrap U-turn chills waste sector investment

The Government’s backtrack on the food waste mandate undermines investor confidence.

Cécile Meier 30 Jun 2025