Macquarie to buy Crown Castle Australia for AUD 2 bln

Thursday 14 May 2015 | 14:25 CET | News
Mobile towers operator Crown Castle announced an agreement to sell its Australian subsidiary to a consortium of investors led by Macquarie Infrastructure and Real Assets for AUD 2.0 billion in cash (USD 1.6 billion). Crown Castle will use the estimated net proceeds of USD 1.3 billion to finance its previously announced acquisition of Sunesys and paying down debt. US-based Crown Castle announced in February it was considering the sale of the Australian subsidiary CCAL, in which it owns 77.6 percent. CCAL is the largest independent tower operator in Australia with around 1,800 sites under

Thank you for visiting Telecompaper

Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.


Already registered?

Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Categories: Mobile & Wireless
Companies: Crown Castle / Macquarie / NBN Co / Optus / Vodafone
Countries: Australia
::: add a comment

Add comment

Please login or register to leave a comment.

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.


Singtel mulls sale of Optus towers, hires BofA for transaction - report

Published 02 Apr 2020 08:37 CET | Australia
Singtel plans to sell the telecommunications towers owned by its Australian subsidiary Optus. These assets are estimated to be ...

ACMA investigation finds Macquarie Telecom IPND breaches

Published 07 Apr 2016 14:45 CET | Australia
The Australian Communications and Media Authority has found that Macquarie Telecom failed to provide the required customer data ...

ACCC to approve NBN Co - Optus revised arrangements

Published 23 Jul 2015 14:22 CET | Australia
The Australian Competition and Consumer Commission has released a draft decision, proposing to authorize specific provisions ...

Crown Castle grows Q2 sales 2%, raises full-year outlook

Published 23 Jul 2015 10:13 CET | United States
Mobile mast company Crown Castle reported USD 899 million of revenue in the second quarter, up 2 percent on USD 878 million in ...

Crown Castle prices USD 1 bln senior note offering

Published 01 May 2015 15:04 CET | United States
Crown Castle International has priced USD 1 billion worth of senior secured notes to be issue by certain of its indirect ...

Crown Castle buys Sunesys for USD 1 bln

Published 30 Apr 2015 12:41 CET | United States
Crown Castle said it has agreed to acquire Quanta Fiber Networks (Sunesys) for USD 1.0 billion in cash, subject to a few limited ...

Crown Castle lifts revenues 7% to USD 941 mln in Q1

Published 23 Apr 2015 12:31 CET | United States
Crown Castle said its first quarter results reflected continued demand for wireless infrastructure at US mobile carriers. The ...

Crown Castle considers sale of Australian operations

Published 16 Feb 2015 14:03 CET | Australia
Mobile towers operator Crown Castle announced it's considering a sale of its Australian subsidiary, after receiving unsolicited ...

Calendar   /   Industry Events

25 Jul Fiber Connect
26 Jul Orange Belgium Q2 2021
26 Jul Logitech fiscal Q1
26 Jul Calix Q2
26 Jul F5 fiscal Q3
27 Jul Alphabet Q2
27 Jul AudioCodes Q2 2021
27 Jul SK Hynix Q2
27 Jul A10 Networks Q2
27 Jul Corning Q2
27 Jul MediaTek Q2 2021
27 Jul NortonLifeLock fiscal Q1
27 Jul Microsoft fiscal Q4
27 Jul TIM Brasil Q2 2021
27 Jul KPN Q2 2021
27 Jul Juniper Networks Q2 2021
27 Jul Telefonica Brasil Q2 2021
27 Jul TIM Q2 2021
28 Jul Spotify Q2 2021
28 Jul Cirrus Logic Q1
28 Jul Telefonica Deutschland Q2 2021
28 Jul Ribbon Communications Q2 2021
28 Jul Altice USA Q2
28 Jul Qualcomm fiscal Q3
28 Jul Ooredoo Q2 2021
28 Jul Facebook Q2
28 Jul Equinix Q2
28 Jul Extreme Networks fiscal Q4
29 Jul Telenet Q2 2021
29 Jul BT fiscal Q1
::: More Calendar Items