29 September 2020
This investment will finance the
construction of telecommunications towers across Australia. These new
structures will satisfy customer demand for increased mobile connectivity and
data speeds, provide an expanded network footprint for mobile carriers, and contribute
to the ongoing development of leading mobile network infrastructure for
Stilmark is an independent Australian tower company and neutral host operator, with a track record of deploying new sites faster and at a substantially higher rate of success than its competitors. It builds, owns, and operates a national portfolio of telecommunications towers, which are critical infrastructure assets used by mobile carriers and wireless network operators to provide network connectivity to their customers. Stilmark is actively building new mobile infrastructure across Australia and is committed to meeting the evolving network needs of carriers, including the rollout of 5G networks.
The investment with Stilmark is AMP Capital’s latest infrastructure debt deal in the Australasian region. AMP Capital’s Head of Infrastructure Debt Asia, Simon La Greca said: “We are delighted to announce our first debt investment with Stilmark – the communications sector has been one of the most resilient industries during Covid-19 and the delivery of communications, particularly for mobile phone towers, provides an essential service for many Australians in an industry that will only continue to grow.”
Stilmark founder and CEO Steven Butler said: “We are delighted to have partnered with global investors of the calibre of AMP Capital to accelerate the rollout of mobile infrastructure for our customers. The rollout of 5G this year, together with the expected mmWave spectrum auction in 2021, is driving strong demand for telecommunications infrastructure in Australia. Stilmark is ideally placed to meet this demand.”
Q Advisors, a leading global TMT boutique investment bank, acted as the exclusive financial advisor to Stilmark. Kain Lawyers acted as legal adviser to Stilmark.
Stilmark Holdings Pty Ltd is an Australian specialist tower infrastructure developer, owner and operator, established in 2013. Stilmark partners with mobile carriers and wireless network operators to deliver a fundamentally different approach to infrastructure deployment, focusing on long term alignment of incentives with our customers. Stilmark has a demonstrated track record on delivery of new tower assets, achieving market leading deployment speed with the highest quality standards. In 2017 US based ATN International Inc (NASDAQ:ATNI) joined Stilmark as a strategic investor. ATN is one of the largest neutral host mobile carriers in the US and owns and operates communications and energy infrastructure companies in several countries.
AMP Capital is a global investment manager with A$190 billion in assets under management as of 31 June 2020 and more than 250 investment professionals. AMP Capital has a heritage and strength in real estate and infrastructure, and experience in fixed income, equities and multi-asset solutions. AMP Capital is owned by AMP Limited, which was established in 1849, and is one of Australia's largest retail and corporate pension providers.
Q Advisors LLC is a leading global boutique investment bank formed in 2001 serving public and private companies, PE firms, entrepreneurs and large multi-nationals in the telecom, media, and technology (TMT) sectors. The firm has extensive, global reach, while also providing the personalized service of a boutique advisory firm. Thanks to our partners and senior staff, who come from leading investment banks and operating companies, we leverage extensive industry knowledge and analytical insights to help our clients achieve successful M&A and capital markets transactions.