Australia Tower Network (AustralianSuper & Singtel) Acquires Axicom from Macquarie Asset Management
April 1, 2022
Australia Tower Network (ATN), owned by AustralianSuper and Singtel, has agreed to buy 100% of Axicom from Macquarie Asset Management and its coinvestors for A$3,580 million. Axicom is Australia’s largest independent mobile towers owner (around 2,000 sites); the acquisition expands ATN's Australian tower portfolio and provides a platform for further growth and co-location opportunities.
- Buyers
- Australia Tower Network (ATN), AustralianSuper, Singtel
- Targets
- Axicom
- Sellers
- Macquarie Asset Management
- Industry
- Telecommunications
- Location
- New South Wales, Australia
- Transaction Type
- Buyout
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