Infrastructure - SEPTEMBER 22, 2021

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AMP Capital launches telecom site leasing company

by Released

AMP Capital’s global infrastructure equity team has created a new company focused on acquiring and aggregating telecom site leases globally, in partnership with Eric Overman.

Telecom Infrastructure Partners (TIP) will acquire, own and manage long-term lease contracts underlying mobile telecom sites, with an initial focus on Europe and Latin America. AMP Capital will invest up to $350 million to fund future growth, on behalf of investors in its Global Infrastructure Fund II (GIF II).

Mobile telecom sites are a key part of mission-critical wireless infrastructure. Telecom site growth and densification will support the roll-out of 5G and quality of service improvements in more mature markets, as well as continued 4G penetration and internet access in more nascent markets. Ground-lease operators of telecom infrastructure assets receive a rental rate to occupy the underlying property interest from the relevant tenant, and TIP’s lease aggregation business model is a plat

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