Thursday, May 14, 2015

Deal Talk Down Under

Crown Castle is expecting for bids for its Australian tower subsidiary, Crown Castle Australia, this week and wants a deal signed by the end of next week, the Australian Financial Review reported. They reported UBS has been advising Morrison & Co., a New Zealand infrastructure company, in its offer for the $1.5 billion company. “Morrison is up against fellow infrastructure managers Brookfield and Macquarie Infrastructure and Real Assets. As Street Talk reported a fortnight [two weeks] ago, Brookfield has teamed up with Digital Bridge Holdings, a US-based private equity firm run by Marc Ganzi and former Blackstone telecom chief Ben Jenkins,” the Australian Financial Review explained. Continue reading here

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