Macquarie Bank acquires Australian tower company CCAL in AUD2bn deal

15 May 2015

Around 1,8000 mobile phone towers across Australia have been acquired by the infrastructure arm of Macquarie Bank, after it signed a deal said to be worth AUD2 billion (USD1.62 billion) to buy CCAL, the Australian subsidiary of US public company Crown Castle. According to iTWire, Macquarie Bank won a bidding war which is said to have included the likes of First State Super and Australia’s Future Fund to acquire the tower company. Established in 2000, CCAL is reportedly the largest communications tower operator in Australia, with towers in all states and territories. Telstra, Optus, Vodafone Hutchison Australia and NBN Co are all customers, along with a number of emergency service network providers.

Australia, CCAL Towers