Vodafone NZ seals $1.7b sale of mobile towers
Infratil/Brookfield company sells 80% stake to global investors InfraRed and Northleaf.
Vodafone NZ CEO Jason Paris.
Vodafone New Zealand said it intends to sell an 80% stake in its mobile tower assets for $1.7 billion, with global investors InfraRed Capital Partners and Northleaf Capital Partners taking 40% each.
The price represents a pro-forma multiple of 33.8x, based on the assets’ forecast earnings before
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