After a period of consolidation in Australia, 2024 has already seen further tower transactional activity involving Everest Infrastructure Partners ANZ and key Federal Government policy introduced. Is this the start of Australia’s major digital infrastructure expansion drive?
After a raft of deals in 2022 at peak valuations Australian M&A has been quieter with fewer towers available for sale, and current valuations struggling to match expectations. Towercos have instead focused on building their companies, updating towers and seeking new tenancies. Apart from rural rollout initiatives most tower activity has occurred within the big Australian towercos.
