Who are Waveconn, Australia's newest towerco?
CEO Russell Stanners chronicles an eventful 2022 and looks ahead to opportunities in Ozzy towers and beyond
Canadian Pension fund OMERS have been interested in Australian towers for a while. Kevork Sahagian, Managing Director, OMERS Infrastructure noted that “Connections (which includes towers) is one of five investment themes that are driving the OMERS Infrastructure transaction strategy globally. The key idea behind the ‘Connections’ thematic is centered on the growing importance of ‘connectivity’ for people, goods, and technology.”
Following unsuccessful bids on the Optus and Axicom portfolio’s that were sold in 2021 and 2022 respectively, OMERS achieved its ambition in May this year as it came to a bilateral agreement with TPG Telecom to acquire their 428 towers and 809 rooftop sites for US$674million.,