OMERS snaps up TPG towers for A$950m

Today, Australian operator TPG has announced that it has sold its passive tower assets to Ontario-based pension fund OMERS for A$950 million (US$665 million).
 
The sale includes 1,237 total assets, 428 of which are towers, with the rest being rooftop sites. These sites are primarily situated in major metropolitan areas.
 
“This represents approximately 21% of TPG Telecom’s total mobile network footprint…

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