Kain Lawyers is pleased to have advised Waveconn on its acquisition of AT Australia Pty Ltd and AT Australia Operations Pty Ltd from American Tower Corporation (NYSE: AMT). This acquisition adds approximately 170 sites to Waveconn’s portfolio across Australia, including land under mobile towers and building rooftops.
The Kain Lawyers deal team advising Waveconn was led by James Burchnall and Brian Vuong, with assistance from several team members including Jason Vernik, Jeremy Collins, Michael Chrisohoou, Rebecca Henderson, Stefan Harris, Ruby Rockman, Amira Enayatzada and Rocco Ierace.
Grant Stevenson, Waveconn CEO said: “We greatly appreciate the professional support from James, Brian, and the entire Kains team. Your commitment and agile approach were instrumental in managing this complex transaction.”
The transaction is subject to customary conditions precedent including Foreign Investment Review Board approval and, subject to the satisfaction of those conditions, is expected to close in the 4th quarter of 2024.
About Waveconn
Waveconn is a developer, owner, and operator of neutral host digital infrastructure assets across Australia. The company owns and operates approximately 1,400 tower and rooftop sites nationwide, with hundreds more actively under development. Waveconn is fully independent, with no direct or indirect ownership or funding from mobile network operators (“MNOs”). Waveconn specialises in building, owning, and managing digital infrastructure for a diverse range of clients, including the three national MNOs, government radio networks, and wireless internet service providers.
About American Tower
American Tower, one of the largest global REITs, is a leading independent owner, operator and developer of multi-tenant communications real estate with a portfolio of over 224,000 communications sites and a highly interconnected footprint of U.S. data center facilities.
