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Penten receives $50m investment from Five V Capital

Penten receives $50m investment from Five V Capital
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Allens advises Morrison & Co and Future Fund consortium on $2 8 billion investment in Telstra s InfraCo Towers

Date Time Share Allens advises Morrison & Co and Future Fund consortium on $2.8 billion investment in Telstra’s InfraCo Towers Allens is pleased to be advising Morrison & Co and the consortium led by the Future Fund Board of Guardians and including Commonwealth Superannuation Corporation and Sunsuper Superannuation Fund on the acquisition of a 49% interest in Telstra Corporation’s telecommunications network tower business (InfraCo Towers). InfraCo Towers owns and operates approximately 8,200 tower assets, including over 5,500 mobile towers throughout Australia. Co-lead partner and Funds sector leader, Emin Altiparmak said: ‘The transaction underscores the strong interest of long-term investors in digital infrastructure assets. InfraCo Towers represents a first-class investment opportunity as the supporting infrastructure for Australia’s mobile telecommunications network. Through the pandemic, digital infrastructure assets have only increased in attractiveness for long-te

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