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July 18 (Reuters) - New Zealand's infrastructure investment company Infratil Ltd said on Monday Vodafone New Zealand would sell its passive mobile tower assets for NZ$1.7 billion ($1.05 billion) to funds managed by two global investment firms.
The sale follows a flurry of divestments by telecom firms as they cut debt and focus on their active mobile assets. Last week, Spark New Zealand announced the sale of a 70% stake in its towers business for NZ$90...
>>> Read more: UPDATE 1-Infratil's Vodafone NZ to sell mobile tower assets for $1.1 bln
July 18 (Reuters) - New Zealand's infrastructure investment company Infratil Ltd said on Monday Vodafone New Zealand would sell its passive mobile tower assets for NZ$1.7 billion ($1.05 billion) to funds managed by two global investment firms.
The sale follows a flurry of divestments by telecom firms as they cut debt and focus on their active mobile assets. Last week, Spark New Zealand announced the sale of a 70% stake in its towers business for NZ$90...
>>> Read more: UPDATE 1-Infratil's Vodafone NZ to sell mobile tower assets for $1.1 bln
