MQG News: Australian pension fund and Singtel buy mobile tower group for $2.7bn - 1st Apr 2022, 1:24pm

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A consortium led by Australia’s biggest pension group and Singtel has agreed to buy the mobile towers business of investment bank Macquarie for A$3.58bn (US$2.68bn), reflecting the growing appetite among funds to acquire infrastructure through private market deals. AustralianSuper, which has A$260bn assets under management, and the Singaporean telecoms group will buy Axicom just six months after the pension fund bought a 70 per cent stake in Australian Tower Network from Singtel. Following ...

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