RPS supports landmark Australian telecommunications infrastructure deal

RPS Deal Advisory specialists have supported Australia’s largest superannuation fund, AustralianSuper, to secure a 70 per cent stake in Australia Tower Network (ATN).

The successful acquisition bid sees AustralianSuper invest in the country’s largest independent tower company via an AUD$1.9B deal with Optus parent company, Singtel. The Fund’s stake in ATN includes 2,312 existing mobile tower and rooftop sites, with an additional 565 sites to be developed in coming years.

RPS Australia Asia Pacific Leader for Deal Advisory, Dr Merrill Lee said the RPS team’s focus as Technical Advisor for the transaction was on key value drivers including asset operations and management, Capex and Opex assumptions, future deployments, as well as environmental, social and governance (ESG).

“This is a landmark deal for AustralianSuper, who is investing in the nation’s digital infrastructure network for the very first time.

“Investments of this scale require a high level of assurance, and our team was able to draw on many years of experience advising on all aspects of Australian infrastructure investment, design, delivery, and operations, to provide that confidence.

“We’re extremely proud to have supported a transaction that will benefit AustralianSuper members and Optus network customers long into the future,” said Lee.

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