TechCentralTechCentral
    Facebook Twitter YouTube LinkedIn
    Facebook Twitter LinkedIn YouTube
    TechCentralTechCentral
    NEWSLETTER
    • News

      MTN hires outgoing Icasa CEO Willington Ngwepe into top role

      16 August 2022

      Rain in embarrassing climbdown over Telkom statement

      16 August 2022

      Jo’burg to issue RFP for 500MW of electricity ‘within weeks’

      16 August 2022

      Load shedding returns, and may last until Thursday

      16 August 2022

      Coal miner Seriti plans R12-billion Mpumalanga wind farm

      16 August 2022
    • World

      Semiconductor boom turns to bust

      16 August 2022

      Tencent plans to offload R400-billion Meituan stake: sources

      16 August 2022

      Ether leaps higher on verge of Merge

      16 August 2022

      Institutions eye crypto but retail investors remain nervous

      15 August 2022

      Tencent woes mount, even after $560-billion selloff

      12 August 2022
    • In-depth

      African unicorn Flutterwave battles fires on multiple fronts

      11 August 2022

      The length of Earth’s days has been increasing – and no one knows why

      7 August 2022

      As Facebook fades, the Mad Men of advertising stage a comeback

      2 August 2022

      Crypto breaks the rules. That’s the point

      27 July 2022

      E-mail scams are getting chillingly personal

      17 July 2022
    • Podcasts

      Qush on infosec: why prevention is always better than cure

      11 August 2022

      e4’s Adri Führi on encouraging more women into tech careers

      10 August 2022

      How South Africa can woo more women into tech

      4 August 2022

      Book and check-in via WhatsApp? FlySafair is on it

      28 July 2022

      Interview: Why Dell’s next-gen PowerEdge servers change the game

      28 July 2022
    • Opinion

      No reason South Africa should have a shortage of electricity: Ramaphosa

      11 July 2022

      Ntshavheni’s bias against the private sector

      8 July 2022

      South Africa can no longer rely on Eskom alone

      4 July 2022

      Has South Africa’s advertising industry lost its way?

      21 June 2022

      Rob Lith: What Icasa’s spectrum auction means for SA companies

      13 June 2022
    • Company Hubs
      • 1-grid
      • Africa Data Centres
      • Altron Document Solutions
      • Amplitude
      • Atvance Intellect
      • Axiz
      • BOATech
      • CallMiner
      • Digital Generation
      • E4
      • ESET
      • Euphoria Telecom
      • IBM
      • Kyocera Document Solutions
      • Microsoft
      • Nutanix
      • One Trust
      • Pinnacle
      • Skybox Security
      • SkyWire
      • Tarsus on Demand
      • Videri Digital
      • Zendesk
    • Sections
      • Banking
      • Broadcasting and Media
      • Cloud computing
      • Consumer electronics
      • Cryptocurrencies
      • Education and skills
      • Energy
      • Fintech
      • Information security
      • Internet and connectivity
      • Internet of Things
      • Investment
      • IT services
      • Motoring and transport
      • Public sector
      • Science
      • Social media
      • Talent and leadership
      • Telecoms
    • Advertise
    TechCentralTechCentral
    Home»Sections»Vodafone sells towers in New Zealand for $1.1-billion

    Vodafone sells towers in New Zealand for $1.1-billion

    Sections By Agency Staff18 July 2022
    Facebook Twitter LinkedIn WhatsApp Telegram Email

    Vodafone New Zealand is selling its mobile phone tower assets to investment firms for NZ$1.7-billion (R17.9-billion).

    Together with shareholders Infratil and Brookfield Asset Management, Vodafone’s passive mobile tower assets will be bought by investors InfraRed Capital Partners and Northleaf Capital Partners, which will each have 40% stakes in the new TowerCo business. Infratil will reinvest to hold the remaining 20%, according to a statement Monday.

    “We’re pleased at the outcome of the process, which attracted significant interest,” Vodafone CEO Jason Paris said in a statement. “Infratil, InfraRed Capital Partners and Northleaf Capital are outstanding investors who share our vision for Aotearoa New Zealand and will help us to accelerate the roll-out of critical infrastructure for our customers.”

    Read: Vodacom to spin off tower portfolio in South Africa

    Telecommunications companies around the world are separating so-called passive assets such as mobile phone towers and looking for specialist investors. Last week, Vodafone’s New Zealand competitor Spark announced the sale of a majority stake in its tower assets to Canadian pension fund Ontario Teachers’ Pension Plan Board for NZ$900-million.

    Vodafone said that under the terms of the deal, which is subject to New Zealand Overseas Investment Office approval, TowerCo will enter into a 20-year pact to provide it with access to both existing and new towers. TowerCo will also commit to building at least 390 additional sites over the next 10 years, Vodafone said.

    The transaction is expected to complete in the fourth quarter of 2022.  — Matthew Brockett, (c) 2022 Bloomberg LP

    Jason Paris Vodacom Vodafone Vodafone New Zealand
    Share. Facebook Twitter LinkedIn WhatsApp Telegram Email
    Previous ArticleIcasa councillors should get 7-year terms: ex-chair Modimoeng
    Next Article Why the time might be right to get back into global tech stocks

    Related Posts

    MTN hires outgoing Icasa CEO Willington Ngwepe into top role

    16 August 2022

    Rain in embarrassing climbdown over Telkom statement

    16 August 2022

    Jo’burg to issue RFP for 500MW of electricity ‘within weeks’

    16 August 2022
    Promoted

    HPE SimpliVity: addressing SMBs’ data conundrums

    16 August 2022

    Digital transformation – don’t get caught unprepared

    16 August 2022

    Seven reasons your business needs IP surveillance cameras

    15 August 2022
    Opinion

    No reason South Africa should have a shortage of electricity: Ramaphosa

    11 July 2022

    Ntshavheni’s bias against the private sector

    8 July 2022

    South Africa can no longer rely on Eskom alone

    4 July 2022

    Subscribe to Updates

    Get the best South African technology news and analysis delivered to your e-mail inbox every morning.

    © 2009 - 2022 NewsCentral Media

    Type above and press Enter to search. Press Esc to cancel.