AustralianSuper’s loss-making telecoms tower business, Indara, is reviewing its troubled smart city infrastructure businesses as it searches for a new boss.
The $365 billion superannuation fund paid $1.9 billion for a 70 per cent stake in Indara – which builds and manages mobile phone towers – in 2021. The remainder was held by Optus parent Singtel.
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Jenny Wiggins writes on business, specialising in infrastructure, telecommunications and transport. Connect with Jenny on Twitter. Email Jenny at jwiggins@afr.com
