Telstra InfraCo Towers
Preferred bidder announced
Greenfield (construction) or brownfield (government asset divestment) projects needed or likely to occur within the next five years, but is not formally proposed by a state, territory or major local government.
The project or divestment is supported by a state, territory or major local government, is subject to studies or other processes (such as pre-feasibility or scoping studies or business case development), and is likely to proceed to formal announcement.
The project has a firm commitment and timeline from a state, territory or major local government, but has not yet entered the market.
The project or transaction is under procurement (such as a call for Expressions of Interest, requests for tender, or another offer to the market).
Preferred bidder announced
A preferred bidder has been selected and is in exclusive negotiations.
Projects that have progressed to contractual close remain on ANZIP for 12 months.
ANZIP is focused only on major infrastructure activity, above the following thresholds:
Construction projects: > AUD$300m
Investable greenfield & brownfield: > AUD$100m
All greenfield and brownfield projects and divestments: > NZD $100 million
Telstra InfraCo Towers, once operational, will hold 5,570 mobile towers making it the owner and operator of the largest mobile tower network in Australia.
InfraCo Towers will be established as part of a restructure which will see three separate legal entities formed under the Telstra Group parent company:
- InfraCo Fixed, which will own and operate fibre assets, data centre exchanges, and subsea cables
- InfraCo Towers, which will own and operate mobile towers, and
- ServeCo, which will own and operate the radio access network, mobile spectrum, and customer service functions.
Telstra has indicated through formal advice to investors that it will seek to initiate a sale of InfraCo Towers during the second half of 2021.
Aug 2021: Indicative bids expected to be called for
Nov 2021: Binding offers expected to be due
Jun 2018: Telstra announced the T22 Strategy. A key pillar of the Strategy is to establish a standalone infrastructure business unit.
Jul 2018: Telstra established InfraCo as a standalone business unit. InfraCo initially consisted of fixed network infrastructure including data centres, non-mobiles related domestic fibre, copper, HFC, international subsea cables, exchanges, poles, ducts and pipes.
Nov 2019: Telstra announced InfraCo would also own and operate mobile towers under the TowerCo sub-corporation. InfraCo would also hold all fibre, and network supporting infrastructure while analogue phone lines, legacy fixed, and satellite infrastructure would be transferred back into Telstra.
Nov 2020: Telstra announced a proposed restructure of the business into three seperate legal entities - InfraCo Fixed, InfraCo Towers and ServeCo. InfraCo Towers will own and operate Telstra's mobile tower assets.
Feb 2021: Telstra announced a timeline for the sale of InfraCo Towers.
Mar 2021: Telstra announced the next steps in its proposed legal restructure that will see InfraCo Towers established.
Last reviewed: 07/04/2021