Vodafone NZ sells Aotearoa Towers for $1.7b to Infratil, InfraRed and Northleaf

Vodafone NZ sells Aotearoa Towers for $1.7b to Infratil, InfraRed and Northleaf
Vodafone has sold its 1,484 passive tower assets. (Image: Vodafone)
Ben Moore
Vodafone NZ will sell its Aotearoa Towers unit for $1.7 billion to a consortium of investment fund managers and the carrier's existing shareholder, Infratil.  Global investment firms InfraRed Capital Partners and Northleaf Capital Partners will each buy 40% of the entity, which owns 1,484 passive mobile towers, while Infratil will reinvest its funds to take a 20% stake.The transaction values Aoteraoa Towers at 33.8 times earnings before interest, taxes, depreciation and amortisation (Ebitda), the same multiple as Spark’s own Towe...

More Infrastructure

NZTA endorses stage one of long-promised Mill Rd upgrade
Infrastructure

NZTA endorses stage one of long-promised Mill Rd upgrade

Chris Bishop keeps the transport announcements coming.

Oliver Lewis 24 Apr 2025
Ministry of Justice seeks market feedback on courthouse PPPs
Policy

Ministry of Justice seeks market feedback on courthouse PPPs

Want to build and maintain three courthouses for 25 years? Now's your chance.

Oliver Lewis 24 Apr 2025
Billions needed for Northwest Busway
Infrastructure

Billions needed for Northwest Busway

The rolling maul of transport-related announcements continues.

Oliver Lewis 23 Apr 2025
Govt shares emerging route for mega Northland expressway
Infrastructure

Govt shares emerging route for mega Northland expressway

It's our single biggest roading project. So where's it going to go?

Oliver Lewis 23 Apr 2025