Everest Infrastructure ANZ, the Australia and New Zealand subsidiary of Pittsburgh, PA-headquartered Everest Infrastructure Partners, has completed the previously-announced acquisition of a nationwide portfolio of tower assets from Sydney, Australia-based communications service provider, Vertel Pty Ltd. The wireless tower assets included in this transaction, are located throughout New South Wales, Western Australia, and Victoria.
The company said that these towers complement Everest’s growing portfolio of strategically located assets. With this transaction, Everest owns and manages over 2,500 tower sites in the U.S., Portugal, and Australia.
“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 maximized portfolio valuation,” said Theo Belekas, Vertel CEO. “We look forward to Everest owning and operating these communications sites going forward, with Vertel continuing to run its own network through these sites.”
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