Sponsored by

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

Ben Moore
Mon, 18 Jul 2022

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
Mon, 18 Jul 2022
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...

Not convinced yet?

Subscribe to our Daily News Update free newsletter.

Markets FREE
Contact Energy kicks off earnings season
Staff reporters | Mon, 15 Aug 2022

Contact Energy kicked off earnings season today, telling shareholders its annual profit had dipped 2.6% from 2021, and a $300 million investment into a new geothermal power station is on the way.

Aucklanders must get out of cars, onto public transport, says emissions plan
Oliver Lewis | Mon, 15 Aug 2022

Auckland council has unveiled its pathway to reduced transport emissions.

Law & Regulation
Address climate change now, supreme court told
Victoria Young | Mon, 15 Aug 2022

Fonterra, Genesis and others face climate change activist Mike Smith.

Communication the barrier to ‘human firewall’ technology

Communication is the barrier to New Zealand adopting the global Zero Trust cybersecurity strategy, says a new survey.

A clearer path to the cloud

Step-by-step cloud transition can bring benefits, experts say.