May 5, 2024
Everest Infrastructure ANZ (“Everest”) has completed the acquisition of a nationwide portfolio of tower assets from Vertel Pty Ltd (“Vertel”). The wireless tower assets included in this transaction, located throughout New South Wales, Western Australia and Victoria, complement Everest’s growing portfolio of strategically located assets.
“Everest is pleased to have been selected by Vertel for this transaction,” said Will Heapy, CEO of Everest Infrastructure Partners ANZ. “This expands Everest’s regional footprint to over 100 locations across Australia. With several thousand communications sites in the pipeline, Everest has established itself as a leading independent tower company serving the infrastructure needs of wireless carriers across Australia”.
“From the outset Everest offered the most compelling proposition by identifying sites which maximised portfolio valuation” said Theo Belekas, CEO of Vertel. “We look forward to Everest owning and operating these communications sites going forward, with Vertel continuing to run its own network through these sites”.
About Everest Infrastructure Partners
Wireless connectivity is rapidly changing the world. Utilizing a data-driven approach, Everest has developed one of the largest and most efficient aggregation platforms focused exclusively on Wireless Infrastructure assets. We are a creative and entrepreneurial team, with a culture of high performance, agility, and commitment. Our Vision is to become the global partner of choice for wireless infrastructure assets. To achieve this vision, we embrace technology evolution to deliver exceptional value to our network provider customers, their wireless communications users, and all participants in the growth of mobile infrastructure networks. Owning or marketing more than 2,500 communications tower sites in the United States, Australia, New Zealand, and Portugal, Everest has raised capital commitments of more than $1.5 billion since its inception in 2015, making it one of the wireless industry’s fastest growing and largest private tower companies.
More information about Everest can be found at http://everestinfrastructure.com.au