New Zealand's Bell Gully and Chapman Tripp and Australia's Allens Advise on $1B Mobile Tower Deal - Law.com International

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NEWS

The transaction follows respective mobile telephone operation transactions successful Australia arsenic infrastructure investors look to the telecommunications assemblage successful their hunt for suitable assets.

November 07, 2022 astatine 04:52 PM

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New Zealand instrumentality steadfast Bell Gully is advising Vodafone New Zealand connected the $1 cardinal merchantability of its mobile telephone towers to a consortium of investors, represented by Australia’s Allens and New Zealand steadfast Chapman Tripp.

A consortium comprising Northleaf Capital Partners and InfraRed Capital Partners is paying NZ$1.7 cardinal ($1 billion) for an 80% involvement successful the concern TowerCo. TowerCo was created up of the transaction and holds 1,484 mobile telephone towers.

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