Infrastructure

Analysts question Infratil's CDC, Vodafone mobile towers valuations

Jenny Ruth
Thu, 19 May 2022

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
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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