Vodafone New Zealand (‘Vodafone’), in which Infratil is a 49.9% shareholder, this morning announced that a process to engage with the market on a potential sale of Vodafone’s passive mobile tower assets has commenced.

As signalled at the recent Infratil investor day, Vodafone has been actively exploring the possibility of network capital release options as part of its ongoing transformation and growth strategy for some time and has been preparing for the potential separation and capital release of its passive mobile infrastructure tower assets.

A market engagement process has now commenced, with Barrenjoey and UBS engaged to advise Vodafone.

A copy of the Vodafone release is attached.

Any enquiries should be directed to:

Mark Flesher,
Investor Relations
Infratil Limited
mark.flesher@infratil.com