OMERS Infrastructure, which recently acquired the telecommunication tower assets of TPG Telecom, is making another tower investment in Australia.
OMERS Infrastructure said it has agreed to buy Stilmark, a developer, owner and operator of mobile tower assets, but said details of the transaction are undisclosed.
Stilmark, established in 2013, is currently owned by its founders, management team, family offices and US-based ATN International.
The latest acquisition follows OMERS Infrastructure’s last month’s announcement regarding the acquisition of the tower assets of Australian firm TPG Telecom for A$950m in its first Asia-Pacific digital infrastructure play.
OMERS Infrastructure said once the Stilmark and TPG tower asset transactions close, the consolidated towers business will be part of OMERS Infrastructure’s portfolio of assets in Australia, alongside Port of Melbourne, Transgrid and renewable energy firm 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.
“Stilmark is an excellent fit for our new Australian digital infrastructure portfolio, as it complements our recent investment in TPG’s mobile tower and rooftop portfolio,” said Christopher Curtain, senior managing director, Asia-Pacific for OMERS Infrastructure.
Curtain said OMERS Infrastructure is an active asset manager, seeking to grow OMERS investments across Asia-Pacific organically and through accretive acquisitions.
“Today’s announcement follows the news we shared last week, of an additional investment in our India road platform, IndInfravit, to facilitate its acquisition of 5 additional roads across the country.
“We are proud of our activity across Asia-Pacific to support and grow our portfolio in key sectors including digital infrastructure, mobility and the energy transition.”
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