The winds of change are blowing through the Australian Tower market. Hot off the heels of the news of that Telstra have sold a 49% stake in their recently formed tower business, Telstra InfraCo Towers, Singtel have announced a shortlist of contenders for the tower business of their Australian MNO, Optus, with formal bids due by September.
When news broke in November 2020 that Telstra were looking to monetise their newly formed tower business, it was anticipated that a deal would be done by the start of 2022. It was a surprise therefore, when Telstra announced at the end of June 2021 that a sale had already been agreed months ahead of schedule.
