Macquarie Buys Oz Towers
MIRA will pay around $2 billion for Crown Castle Australia, in a deal that is expected to be finalised in the second quarter of this year. Crown Castle said the Australian operation is expected to bring in $120 million to $126 million in earnings before tax for the 2015 year.
Crown Castle currently owns some 1800 towers in Australia, and counts all the major mobile telcos as well as NBN as its customers.
Suggests that perhaps the new owners might invest some dollars in protecting the towers against storms and other emergencies like the ultra-violent storms that knocked out hundreds of towers in coastal NSW, closing off mobile comms and Internet connections for hundreds of thousands of users and private businesses for at least a week in April.