Northleaf Capital Partners and InfraRed Capital Partners to acquire an 80% stake in the passive mobile tower assets of Brookfield and Infratil-backed Vodafone New Zealand for $1.1bn.

Investment companies Northleaf Capital Partners and InfraRed Capital Partners to acquire an 80% stake in the passive mobile tower assets of Brookfield and Infratil-backed Vodafone New Zealand, a New Zealand telecommunications company, for $1.1bn. "We are delighted with this outcome, which highlights again why Vodafone is an excellent Infratil investment. We have unlocked a significant portion of the value of our original equity invested in Vodafone, whilst retaining that investment and a 20% stake in TowerCo. InfraRed Capital Partners and Northleaf Capital are high-calibre investors who share our vision for what the new TowerCo can deliver across New Zealand. The transaction is a win-win for Infratil shareholders," Jason Boyes, Infratil CEO.