Photo / SuppliedMorrison & Co is teaming up with a group of Australian investors to buy 49 per cent of Telstra's mobile towers business, which owns more than 8000 mobile towers across Australia. "Telstra InfraCo Towers should deliver consistent long-term returns for our investors, supported by strong data growth and rising consumer and enterprise demand for mobile capacity and coverage. Morrison & Co has partnered with Australian investors to buy into Teltra's mobile network business. The T22 corporate restructure strategy would divide its existing infrastructure business InfraCo into InfraCo Fixed, a fixed lines business, and InfraCo Towers, the business being part sold in today's deal. ServeCo would manage its active mobile business as well as radio access and spectrum assets.

Source: New Zealand Herald June 30, 2021 00:04 UTC