Project

Australia Tower Network

PROJECT STATUS
Awarded
Australia Tower Network

Optus, a subsidiary of Singtel, will sell 70 per cent of its Optus towers business, Australia Tower Network (ATN), a wholly-owned subsidiary which operates Optus’ passive telecommunications tower infrastructure. ATN comprises 2,312 mobile network towers and rooftop sites.

Under the agreement, Optus would have access to the sites through a long-term lease agreement with ATN.

Key Dates

Oct 2021 Contract Award
Oct 2021 Financial Close

Procurement

Procuring Agency: Bank of America
Successful Tenderer: AustralianSuper
Related contracts:
Technical Advisor
Successful Tenderer - RPS Group

PROJECT HISTORY

Oct 2021 Optus announced Singtel has entered into an agreement to sell a 70 per cent stake in its mobile towers business, Australia Tower Network (ATN), to AustralianSuper for $1.9 billion. The transaction values ATN at approximately $2.3 billion, representing an enterprise multiple of 38 times earnings. Under the terms of the transaction, Optus will have access to the sites through a long-term lease agreement with ATN.
Estimated Total Cost
(2021)
Sector
Telecom
Procurement approach
Other |
Location
National |
Resources
Media releases
2021/10/06