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Two infrastructure managers have split the sixth and likely final telco towers portfolio to be sold in the past 13 months.

InfraRed, Northleaf win Vodafone NZ towers auction

InfraRed Capital Partners and Northleaf Capital Partners have signed a $NZ1.7 billion deal to invest in telecommunications towers owned by Vodafone NZ. 

  • Anthony Macdonald, Sarah Thompson and Kanika Sood

This Month

Telstra chief executive Andy Penn laid the groundwork for the TPG deal by structurally separating Telstra’s infrastructure.

Telstra holds upper hand in TPG network deal

Submissions to the ACCC’s inquiry into the Telstra-TPG network-sharing deal in rural areas have raised concerns about Telstra expanding its already dominant position in mobiles.

  • Tony Boyd
Fears are rising that Chinese interests may bid for Digicel, bringing the nation too close to our borders for comfort.

Telstra completes $2.4b Digicel deal

The telco contributed just $US270 million to the deal, with the government funding the rest due to security concerns.

  • Lucas Baird and Andrew Tillett
Text scams have stolen over $9.1 million and phone call rackets have stolen $68.9 million from consumers so far in 2022.

Telcos plot to fight $9m SMS scam ‘scourge’

They have lined up behind a new code to offer greater protection to consumers from text message scams that have made them lose more than $9.1 million this year.

  • Lucas Baird
The company did not say how it would use the funds, instead deferring any updates on that matter until its results in late August.

Tower sale boom rolls on with $817m SparkNZ deal

Spark’s tower business – dubbed TowerCo – includes over 1200 sites, and the company has entered a 15-year lease-back arrangement with Ontario Teachers’.

  • Lucas Baird
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From here, as we previously outlined, we still expect Optus in-market pricing will likely be increased by the end of calendar year 2022,” Goldman Sach’s analyst Kane Hannan said.

Optus lifts mobile pricing, analysts see more to come

It leaves TPG the last to lift prices in response to inflation, but analysts think the No.3 telco will wait a bit longer before following the lead of its rivals.

  • Lucas Baird
About $7 billion worth of TPG shares will be out of escrow next week. The question is, would anyone sell.

One week until TPG’s $7b escrow date; bankers watch

Equity desks bored with just chit-chatting with companies about their future plans instead of doing deals, have something to get excited about next week.

  • Anthony Macdonald, Sarah Thompson and Kanika Sood
Vodafone NZ ’s towers are up for sale.

Vodafone NZ towers suitors get serious as binding bids loom

The next big telco towers auction is off to the final round of bids.

  • Anthony Macdonald, Sarah Thompson and Kanika Sood

June

TPG Telecom and Telstra want a landmark deal to be approved by the competition regulator. Optus is trying to stop it.

Telstra, TPG deal risks $55b of productivity, Optus warns

The No. 2 telco, which is in danger of having its position overrun by TPG, argued the agreement would also push it to a “tipping point” on regional investment.

  • Lucas Baird
EOS shares went into a trading halt on Tuesday morning.

Bombed out Electro Optic Systems raising at 22pc discount

ASX-listed defence and communications company Electro Optic Systems is offering shares at the lowest price in six years, in a bid to raise $15 million before its June 30 half-year balance date. 

  • Anthony Macdonald, Sarah Thompson and Kanika Sood
Mr Berroeta said the industry “had a much stronger case” to push for reform than ever before, and that TPG was “looking very closely” at spectrum taxes, in particular.

TPG says telcos better placed than ever to push for changes

‘There is a realisation that you need to sustain investment in wireless and fixed infrastructure as it is a fundamental piece of the new economy,’ says boss Inaki Berroeta.

  • Lucas Baird
OMERS is set to take the keys to TPG Telecom’s mobile tower assets, including 428 towers and 809 rooftops.

OMERS keen to add Stilmark to Aussie telco towers play

Canadian pension fund investor OMERS is in talks to acquire independent telecommunications towers developer and investor Stilmark, in a move that would bolster its position as Australia’s third-biggest towers owner in waiting. 

  • Anthony Macdonald, Sarah Thompson and Kanika Sood
UBS analyst Tom Beadle said the price rises could increase Telstra’s churn rate, benefiting TPG Telecom.

Telstra raises mobile phone charges, Optus tipped to follow

The price hikes are tipped to benefit TPG and its value mobile brand Vodafone.

  • Lucas Baird
TPG Telecom and Telstra want a landmark deal to be approved by the competition regulator. Optus is trying to stop it.

How Turnbull’s Huawei ban led to TPG, Telstra’s network deal

The telcos argue the agreement – which Optus fiercely opposes – is driven in large part by a capital drain forced by the 2019 Huawei ban.

  • Lucas Baird

May

Optus is launching a line of smart home devices on a new retail online platform.

Optus misses forecasts but confident momentum strong

Optus has missed key analyst forecasts in parent company Singtel’s full-year but its CFO says there is still momentum in the business

  • Lucas Baird
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Former NSW premier Gladys Berejiklian is running the best performing division at Optus.

Optus results show Gladys Berejiklian’s astute move

Results for Singapore Telecommunications show that the former NSW premier moved from politics to the best-performing business within Singtel’s Australian arm, Optus.

  • Updated
  • Tony Boyd
Failures with Telstra’s systems led to delays in an $11 million compensation scheme for customers.

Systems failure delayed $11m Telstra compensation bill

Telstra has entered an enforceable undertaking requiring it to implement an improved payment assessment solution so that compensation is paid on time.

  • Lucas Baird
The former Macquarie Capital banker advised KKR & Co on its acquisition of MYOB.

E&P snaps up MacCap TMET banker as MD

E&P has pulled off a recruitment coup – snaffling a senior banker out of Macquarie Capital’s tightly held Australian team.

  • Anthony Macdonald, Sarah Thompson and Kanika Sood
NBN Co chief executive Stephen Rue is facing a backlash from retail service providers.

ACCC’s gift to new communications minister

The regulator has blindsided NBN Co by rejecting its proposed aggressive price increases for wholesale broadband, opening the way for a reset of its economics.

  • Tony Boyd
NBN is struggling to make and keep appointments due to the bungled introduction of a new system.

Optus calls on Labor to intervene in NBN pricing reforms

Optus has called on the newly elected Albanese government to overhaul NBN Co’s priorities.

  • Lucas Baird