Ad-Vantage Europe
Mast be appealing; European infrastructure that is. As the Financial Times reports, UniSuper, the Australian pension fund, has acquired an indirect 5% stake – worth $677 million – in Vantage Towers, the European telecom masts business owned by Vodafone.This is the first signal of intent by UniSuper as it looks to increase its global infrastructure investment portfolio. Vodafone sold a chunk of Vantage Towers to a consortium of investors last November including KKR; the PE giant through whom UniSuper has made the investment. Mobile telecom towers are vital to the roll-out of 5G (and beyond). No doubt other infrastructure investors will be looking to take ad-Vantage of future opportunities in Europe.
