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Singtel's Australia Tower Network and AustralianSuper to jointly acquire Axicom for $3.63 bil

Felicia Tan
Felicia Tan4/1/2022 08:29 AM GMT+08  • 3 min read
Singtel's Australia Tower Network and AustralianSuper to jointly acquire Axicom for $3.63 bil
Photo: Bloomberg
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AustralianSuper and Singtel’s Australian associate, Australia Tower Network (ATN), on April 1, announced that they will acquire Axicom for A$3.58 billion ($3.63 billion).

Axicom is one of Australia’s leading providers of telecommunications tower infrastructure. It owns and operates some 2,000 telecommunication sites located in metro and outer-metro locations across all eight states and territories and major cities in Australia.

ATN’s wholly-owned subsidiary had entered into a securities sale agreement to acquire the stapled structure comprising Axicom HoldCo Pty Ltd, Axicom Asset HoldCo Pty Ltd and Axicom Hold Trust.

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