OMERS Infrastructure, Australian firm Stilmark and US telecommunications company ATN International have teamed up to jointly pursue opportunities in Australian telecommunications infrastructure.
The trio have formed the Symphony Consortium, a partnership believed to be planning to buy a A$2bn (鈧�1.2bn) portfolio of towers from Optus as the consortium鈥檚 first deal.
The towers, owned by the Australian subsidiary of Singapore鈥檚 SingTel, have already attracted a strong field of contenders.
The consortium has appointed James Eisenstein, co-Founder of American Tower Corporation, and former Vodafone NZ CEO Russell Stanners as special advisors.
The partners said: 鈥淪ymphony brings together one of Canada鈥檚 largest defined-benefit pension plans and a prominent global infrastructure investor in OMERS, with net assets of A$116bn, and the fast-growing Australian tower company Stilmark, supported by one of the largest US neural host wireless network operators in ATN International.鈥�
The partnership adds to OMERS Infrastructure鈥檚 existing and growing presence in Australia which includes its most recent 19.9% stake in electricity transmission company TransGrid.
ATN has also been active in Australia. It first invested in Stilmark in 2017.
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