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OMERS Infrastructure snaps up $660m Australian tower business

The transaction implies an enterprise value/EBITDA multiple of approximately 32.1 times.

By TTC Newsroom

4 Mins

May 10, 2022 | 12:42 AM BST

OMERS Infrastructure snaps up $660m Australian tower business

TPG Telecom CEO and Managing Director, Iñaki Berroeta. Source: TPG Telecom

OMERS Infrastructure Management Inc. (OMERS) has acquired TPG Telecom Limited’s (ASX: TPG) passive mobile tower and rooftop infrastructure (Tower Assets) to for an enterprise value of $950 million (US$660 million).

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