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TPG eyes Telstra-like tower auction with asset review

Telecoms infrastructure remains in high demand across the globe and are typically sold on earnings multiples in the high teens to the mid-20s.

Future Fund pounces on Telstra s towers in $2 8b deal

Future Fund pounces on Telstra’s towers in $2.8b deal Save Share A consortium spearheaded by Australia’s Future Fund has agreed a deal to buy a stake in Telstra’s mobile telecommunications towers portfolio. It is understood Future Fund and its co-investors will pay $2.8 billion to buy a 49 per cent stake in Telstra’s TowerCo, which was slated for divestment later this year. Street Talk.   The deal pre-empts an auction, which was to be run by Macquarie Capital, and comes as Telstra’s arch rival Optus also seeks a buyer for a stake in its telecommunications towers. Macquarie advised Telstra, Barrenjoey Capital advised Future Fund and its partners.

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