Project

Vodafone New Zealand Tower Sale

PROJECT STATUS
Awarded
Vodafone New Zealand Tower Sale

Vodafone New Zealand, wholly owned by Brookfield Asset Management and Infratil, has commenced a sale process for 80 per cent of its passive mobile tower assets under a new TowerCo. Vodafone New Zealand has the largest tower portfolio in New Zealand, which comprises 1,484 mobile towers, covering approximately 98 per cent of New Zealand's population.

Key Dates

Mar 2022 Project Announcement
Jul 2022 Sale Announced
Dec 2022 Expected Financial Close

Procurement

Procuring Agency: Vodafone New Zealand
Successful Tenderer: InfraRed Capital Partners (40%) Northleaf Capital Partners (40%)
Related contracts:
Advisers
Successful Tenderer - UBS and Barrenjoey

PROJECT HISTORY

Mar 2022 Vodafone New Zealand announced the commencement of a market engagement process for the sale of 100 per cent of its passive mobile tower assets and the appointment of UBS and Barrenjoey as advisers.
Jul 2022 Vodafone New Zealand announced it entered into an agreement to sell 80 per cent of its passive mobile tower assets under a new TowerCo, to InfraRed Capital Partners (40%) and Northleaf Capital Partners (40%) for NZ$1.7 billion (AU$1.54 billion).
Sector
Telecom
Procurement approach
Brownfield transaction |
Location
New Zealand |
Resources