Analysts question Infratil's CDC, Vodafone mobile towers valuations

Infratil CEO Jason Boyes says his company's asset valuations are conservative. (Image: Infratil)

Thu, 19 May 2022

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...

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