NEWS

Allens advises AustralianSuper and Singtel on Axicom acquisition

Funds Mergers & Acquisitions Telecommunications

Allens has advised AustralianSuper and Singtel on Australia Tower Network's $3.58 billion acquisition of leading independent telecommunication infrastructure provider Axicom.

The deal will see ATN – which is owned by AustralianSuper and Singtel – double its mobile tower footprint, with the addition of Axicom's 2,000 metro and outer-metro telecommunication sites.

'We are pleased to have assisted AustralianSuper and Singtel with this significant transaction. It provides ATN with a significantly larger national footprint, diversified customer base and positions the company to tap into growth opportunities arising from digitisation and the increasing demand for data,' said lead Partner Wendy Rae

'We continue to see strong demand for high quality digital infrastructure assets. Axicom is a mature tower company that has strong core competencies, operational processes and a digital platform designed for the efficient management of towers.'

The deal is one of a number of tower transactions over the last 12 months, all of which Allens has had a role in. Most recently Allens advised AustralianSuper on its acquisition of a 70 per cent stake in ATN, and the Morrison & Co managed consortium comprising Future Fund, Commonwealth Superannuation Corporation and Sunsuper on the acquisition of a 49 per cent interest in Ampitel.

Allens legal team

M&A

Wendy Rae (Partner), Jessica Choong (Partner), Vincent Pang (Senior Associate), Mayuri Dharmakulasingam (Associate)

Funds, Super and Wealth

Geoff Sanders (Partner), Philip Marquet (Senior Associate)

Telecommunications, Media and Technology

Phil O'Sullivan (Partner), William Coote (Senior Associate), David Liao (Senior Associate), Lauren Holz (Associate), Catherine Gamble (Associate), Maddison Ryan (Associate), Isabelle Vo (Associate), Martin Carter (Associate)

Banking and Finance

Tim Stewart (Partner), Michael Ryan (Partner), Alex Tonkin (Managing Associate), Sarah Delaney (Senior Associate), Yoni Baker (Associate)

Property and Development

Jillian Button (Partner), David McLeish (Partner), Julieane Materu (Senior Associate), Darcy Doyle (Senior Associate), Tina Tran (Associate), Emma Pendlebury (Associate)

Disputes and Investigations

Andrew Wilcock (Senior Associate)

Employment

Simon Dewberry (Partner), Veronica Siow (Partner), Muirgen O'Seighin (Associate)

Regulatory

Jacqueline Downes (Partner)

Tax

Joseph Power (Partner), Jay Prasad (Managing Associate), George Bishop (Associate)

Notes for editors.

Allens is a commercial law firm working throughout Australia and Asia. Through its integrated alliance with Linklaters it provides clients access to 40 offices in 28 countries around the world.