SYDNEY, Australia, June 23 (Bernama-GLOBE NEWSWIRE) — OMERS Infrastructure today announced that OMERS has signed an agreement to acquire Stilmark, an independent Australian developer, owner and operator of mobile tower assets. The transaction will be OMERS second tower investment in Australia in two months, following the announcement on 9 May that it signed an agreement to acquire 100% of TPG Telecom Limited’s mobile tower and rooftop portfolio. The details of this transaction are not being disclosed.
Christopher Curtain, Senior Managing Director, Asia-Pacific for OMERS Infrastructure, said: “We have developed a strong relationship with and respect for the Stilmark management team and their capabilities. The strong focus on delivering innovative and market leading solutions for mobile network operators continues to be a key part of our interest in the company. 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.”