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 |
| Nov 2022 | Financial Close |
Procurement
| Procuring Agency: | Vodafone New Zealand |
| Successful Tenderer: | InfraRed Capital Partners (40%) Northleaf Capital Partners (40%) |
| Related contracts: |
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). |
| Nov 2022 | The project reached financial close. |
Estimated Total Cost
(2022)
Sector
Telecom
Procurement approach
Brownfield transaction |
Location
New Zealand |
Resources
