The purchase of a 49 per cent investment in Telstra's towers business to a consortium comprising the Future Fund, Commonwealth Superannuation Corporation and Sunsuper, managed by Morrison, completed today.
To mark this milestone and the launch of the new business, the Telstra InfraCo Towers entity will now be known as Amplitel Pty Ltd.
Amplitel is the largest mobile tower infrastructure provider in Australia, with an asset portfolio of over 8,000 physical towers, mast, large pole and antenna mount structures.
Marko Bogoievski, CEO of Morrison & Co, said, "We are pleased to have completed this transaction, and we now look forward to working with the Amplitel team to deliver efficient and reliable mobile infrastructure for its consumers, and consistent long-term returns for our investors."
Will Smales, Global Head of Private Markets at Morrison & Co added, "We are turning our focus towards future opportunities for this business, including the development of new assets, the expansion of tenancy agreements, and simplification of processes and pricing to maintain Amplitel's competitiveness and efficient management of its resources."
For more information about Amplitel, visit www.amplitel.com.au