Project

TowerCo Sale

PROJECT STATUS
Awarded
TowerCo Sale

Spark New Zealand has entered into an agreement to sell 70 per cent of its TowerCo business to the Ontario Teachers’ Pension Plan Board for NZ$900 million (AU$817 million).

The TowerCo business consists of approximately 1,263 passive mobile tower asset sites. 

The sale also includes a 15-year agreement with rights of renewal between Spark New Zealand and TowerCo to secure access to existing and new towers, including a commitment to build 670 sites over 10 years.

Key Dates

Jul 2022 Project Announcement
2022 Expected Financial Close

Procurement

Procuring Agency: Spark New Zealand
Successful Tenderer: Ontario Teachers’ Pension Plan Board

PROJECT HISTORY

Jul 2022 Spark New Zealand announced it entered into an agreement to sell 70 per cent of its TowerCo business to the Ontario Teachers’ Pension Plan Board for NZ$900 million (AU$817 million).
Estimated Total Cost
(2022)
Sector
Telecom
Procurement approach
Brownfield transaction |
Location
New Zealand |
Resources