TPG Telecom offloads the last of its towers

Australian MNO TPG Telecom is selling what’s left of its passive mobile tower and rooftop infrastructure inventory to OMERS Infrastructure Management for $950 million.
The deal covers 1,237 existing sites, mainly based in metropolitan areas in Australia, and a ‘committed build-to-suit development program’ of 252 new sites. TPG says the sale will deliver net cash proceeds of approximately $890 million, which is the enterprise value minus transaction costs, which it expects to us