Vodafone sells 140 mobile towers to Crown Castle (Australia)
Vodafone Australia has reportedly sold it’s 140 mobile towers and transmission sites to Crown Castle, an infrastructure management specialist for which the amount has not been disclosed. The deal also follows the sale of 669 Vodafone towers to Crown Castle in 2001 for $240 million.
According to the terms of the deal, Crown will be gaining access to physical infrastructure and real estate rights attached to Vodafone’s sites and Vodafone in turn will continue to use the transmission sites under a new leasing agreement with Crown.
Vodafone will continue to utilize each transmission site under a leasing agreement with Crown Castle and use the proceeds to the sale to reinvest in its national mobile broadband network upgrade,†Vodafone’s chief technology officer Andy Reeves said in a statement.
