Is this the most expensive sale and leaseback ever?
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Is this the most expensive sale and leaseback ever?

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Towers change hands in New Zealand and the Philippines to bring 2022’s M&A activity to a close (or is there one more bullet in the chamber?)

In a year where telecom tower sales have come thick and fast, it seems fitting that 2022 should end with a flurry of sale and leaseback transactions across APAC. 

The New Zealand market has transformed in 2022. From no towerco activity whatsoever in January this year, New Zealand is now home to two towercos who between them control 100% of the countries 4250 sites. This comes as Connexea (which was formed following a 70% stake purchase by OTTP in Spark New Zealand’s Towers) has agreed to acquire the portfolio of the newest MNO in the country – 2degrees.


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