Utilising deep sector experience, Macquarie worked with Telstra to identify a significant opportunity to unlock the value in their InfraCo Towers assets.
The transaction was executed in a rapid timeframe, despite significant COVID-19 market-related impacts. Macquarie achieved long-term tower access arrangements for Telstra that protects the strategic differentiation of its market-leading mobile network while balancing investor needs to deliver a strong valuation to Telstra for the monetisation.
This was a significant outcome, demonstrating Macquarie’s ability to work with its clients to monetise asset portfolios and to attract high quality private capital investors while maintaining corporate client’s critical access, and strategic control and desire for accounting consolidation.
Amplitel provides world-class infrastructure with an expansive towers network that underpins connectivity in Australia for Telstra, other carriers, government, and public and private organisations. With the funding support of its new investors, the Amplitel network can continue to grow to support connectivity for its customers and the community. This includes putting $A75 million from the proceeds of the part sale of the towers business towards boosting regional network coverage in Australia.
physical towers, mast, large pole and antenna mount structures
net proceeds committed to improve network coverage in regional Australia
expected net cash proceeds at completion
enterprise value of Amplitel