Educators announce agreement to acquire Mobile Tower Business from Spark New Zealand

Educators announce agreement to acquire Mobile Tower Business from Spark New Zealand

The Ontario Teachers’ Pension Plan Board announced today that it will acquire a 70% stake in Spark New Zealand’s mobile tower business for NZ$900 million. Spark’s TowerCo business (“TowerCo”) is one of New Zealand’s leading tower companies with 1,263 locations.

Under the terms of the acquisition, Spark New Zealand has entered into a 15-year agreement with TowerCo (as well as renewal rights) to secure access to existing and new towers, with a commitment to build 670 locations over the next 10 years.

Bruce Crane, Senior Managing Director and Head of Infrastructure and Natural Resources for Asia Pacific Ontario, told Educators.“The acquisition of a 70% stake in TowerCo is the perfect solution to our growing global portfolio of high-quality infrastructure assets. This investment builds on our long track record of investing in high-quality businesses in New Zealand and will build on our deep experience in investing in the digital infrastructure business globally. Nous sommes impatients de travailler avec l’équipe de Spark New Zealand pour créer et développer une entreprise de premier plan qui permettra aux Néo-Zélandais aux Néo-Zélandais d’avoir un accès continu aux services de télécommunicationsà essentires demand sé le communications essentires pours sèinsé pours mobile in the long term.


Spark New Zealand CEO, Julie Hodson . said“We are pleased to form this strategic partnership with ‘Ontario Educators’ – a high-profile investor with a long-standing partnership and significant experience managing a range of infrastructure investments globally, including in Australia and New Zealand.”

Teachers Ontario is a major investor in New Zealand, including its recent private equity investments in Abano Healthcare Group and Asia Pacific Healthcare Group, as well as an extensive portfolio of forest assets.

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The deal is under regulatory review and is expected to close in late 2022.

about teachers

The Ontario Teachers’ Retirement Council is a global investor with net assets of C$241.6 billion as of December 31, 2021. We invest in over 50 countries in everything from stocks and real estate to infrastructure and growth, and provide retirement income to 333,000 current and retired teachers. Ontario.

With offices in Hong Kong, London, San Francisco, Singapore and Toronto, we have over 350 investment professionals bringing deep expertise in sectors ranging from agriculture to artificial intelligence. We are a fully funded defined pension plan and have generated a total annual net return of 9.7% since the plan’s inception in 1990. In Ontario for Educators, we don’t just invest to make a return, we invest in shaping a better future for the teachers we serve, the companies we support, and the world we live in . For more information visit and follow us on Twitter Tweet embed.

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Dan Madge
External Communications Manager
Phone: +1 (416) 419-1437

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