Morrison & Co acquires controlling stake in Telstra InfraCo Towers

By Global Infrastructure Sherpa · Jun 27, 2024

Acquisition Telecommunications Infrastructure announced Australia Jun 27, 2024

USD2800M

Deal Value

Telstra InfraCo Towers

Project

Morrison & Co acquired a 49% stake in Telstra InfraCo Towers for $2.8 billion, valuing the business at $5.9 billion. The deal provides Telstra with capital to invest in its 5G network and other growth initiatives.

Source Intelligence

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Deal Size

Morrison & Co consortium buys 49% of Telstra mobile towers for A$2.8b

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Location

Morrison & Co said it is part of a consortium that will acquire 49% of Telstra's mobile tower sites in Australia

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Financials

a transaction valuing Telstra InfraCo Towers at A$5.9 billion

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Announcement

Jenny Ruth Wed, 30 Jun 2021

PARTIES MENTIONED IN SOURCE

Morrison & Co buyer

"Morrison & Co consortium buys 49% of Telstra mobile towers for A$2.8b"

Telstra seller

"Morrison & Co said it is part of a consortium that will acquire 49% of Telstra's mobile tower sites in Australia"

Future Fund investor

"The consortium managed by Morrision & Co includes the Future Fund, Australia's sovereign wealth fund, Sunsuper and the Commonwealth Superannuation Corp (CSC)."

Sunsuper investor

"The consortium managed by Morrision & Co includes the Future Fund, Australia's sovereign wealth fund, Sunsuper and the Commonwealth Superannuation Corp (CSC)."

Commonwealth Superannuation Corp (CSC) investor

"The consortium managed by Morrision & Co includes the Future Fund, Australia's sovereign wealth fund, Sunsuper and the Commonwealth Superannuation Corp (CSC)."

high quality Enriched Feb 19, 2026