OMERS Infrastructure is pleased to announce that OMERS investments in TPG Telecom Limited’s mobile tower and rooftop portfolio, and Stilmark, an independent Australian developer, owner and operator of mobile tower assets, have now both reached completion. Both businesses, which will have a combined footprint of 1,400 tower and rooftop sites in Australia and growing quickly, will be combined and operate as a single business under a new brand, Waveconn.
Commenting on the news, Christopher Curtain, Senior Managing Director, Asia-Pacific for OMERS Infrastructure, said: “Australia and Asia-Pacific more broadly are priority markets for OMERS Infrastructure, where we continue to see significant investment opportunities. We are delighted these transactions have closed, and we look forward to working with the new team to establish Waveconn as an innovative and customer-focused provider of critical telecommunications infrastructure in Australia.”
Waveconn will be part of OMERS Infrastructure’s growing portfolio of assets in Australia, alongside Port of Melbourne, Transgrid and FRV Australia. It will also be part of OMERS Infrastructure’s global portfolio of digital infrastructure assets, alongside Deutsche Glasfaser/inexio in Germany, and XP Fibre in France.