Vodafone Australia has said that it has sold 140 of its mobile towers to infrastructure mangement firm Crown Castle Australia, effectively outsourcing them to another Australian firm.
The chief technology officer Andy Reeves has said that they have sold the assests because they were “commercially prudent” for the carrier to outsource them to a different company to manage.
However, Vodafone will still use the towers under a leasing agreement with Crown Castle, and will use the proceeds from the sale to upgrade its mobile broadband network.
This is not the first time that Vodafone has sold towers to the group: in 2001, it sold approximately 669 towers to the group for a profit of US$130 million. Crown Castle owns approximately 1,600 towers in Australia – with additional towers coming from Optus.