OMERS Infrastructure to acquire the tower assets of TPG Telecom for $672m.

OMERS Infrastructure, an investor and asset manager, agreed to acquire the mobile towers and rooftop portfolio of TPG Telecom, an integrated telecom services provider, for $672m. "Australia and Asia-Pacific more broadly are priority markets for OMERS Infrastructure, where we continue to see significant investment opportunities. We are excited to have the investment in TPG’s Tower Assets join our portfolio of high-quality Australian infrastructure investments, alongside Port of Melbourne, Transgrid and renewable energy developer FRV Australia. In the transaction, we see an excellent opportunity to realize our digital infrastructure thesis in the region. We look forward to working with the TPG team to first transition the business and then support its growth as it provides critical telecommunications infrastructure services to its customers," Christopher Curtain, OMERS Infrastructure Senior Managing Director, Asia-Pacific.