UniSuper hopes to capitalise on soaring demand for digital data after spending $1 billion to take a 5 per cent stake in Dusseldorf-headquartered telecommunications infrastructure group Vantage Towers.
The $115 billion superannuation group’s head of private markets, Sandra Lee, told The Australian Financial Review that UniSuper had secured the investment in Vantage Towers – which builds and operates towers that transmit voice and data signals – at a fixed price through a relationship with US private equity group KKR.
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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
