3 September 2025
Optus today announced it has entered into an agreement for the sale and licence-back of around 340 mobile tower and rooftop sites to leading Australian digital infrastructure operator Waveconn, as part Optus’ broader strategy to unlock capital for future investment and enhance customer experience.
The agreement includes both existing and in-progress mobile sites, aligning with Optus’s focus on core business activities.
The transaction remains subject to all relevant government and customary regulatory approvals.
Optus will retain full ownership and operational control of all active network equipment following the sale of the passive tower and rooftop infrastructure. Optus services will not be interrupted and continue as normal.
Waveconn is delivering new mobile sites for Optus under existing build programs and Optus currently accesses over 900 Waveconn sites.
The transaction builds on this strong relationship and affirms Waveconn’s capabilities as a trusted partner with demonstrated expertise in end-to-end management of digital infrastructure and delivering new sites to meet Australia’s connectivity requirements.
Tony Baird, Chief Technology Officer, Networks at Optus said: “This agreement with Waveconn is consistent with our long-term strategy to consolidate passive tower assets, allowing Optus to focus on delivering and operating great mobile connectivity for our customers.”
“Optus will continue to operate all active network equipment, maintain service quality, and ensure every site meets with safety and compliance standards.”
Grant Stevenson, CEO at Waveconn, said: “We are very pleased to expand our partnership with Optus through this strategic agreement. This transaction reinforces Waveconn’s commitment to delivering reliable, secure, and future-ready infrastructure that supports Australia’s growing connectivity needs.”
“We look forward to continuing our successful collaboration with Optus to deliver improved connectivity for communities nationwide.”
Optus media contact:
Nidhi Gorai
02 9037 8179
Waveconn media contact:
About Optus
Optus is Australia’s second-largest telecommunications provider, helping people stay connected every day. With a team of over 6,700 employees across the country, we offer a wide range of services, including mobile and home phone plans, internet and broadband, entertainment options, satellite services and business solutions.
As technology evolves, so do we. We’re always looking for new ways to go beyond just keeping people connected, offering innovative solutions that meet the changing needs of our customers. At the same time, we’re committed to building a more sustainable future – working together with our customers and partners to reduce our environmental footprint and make a positive impact on the community.
*employee figure as at March, 2025
About Waveconn
Waveconn is a developer, owner and operator of neutral host digital infrastructure assets across Australia. Waveconn owns and operates around 1,400 tower and rooftop sites nationwide with hundreds more actively under development. Waveconn is entirely independent, with no direct or indirect mobile network operator (“MNO”) ownership or funding.
Waveconn specialises in building, owning and managing digital infrastructure for a range of clients, including the three national MNOs, government radio networks, and wireless internet service providers. Our market-leading deployment capability sets us apart, enabling faster, more efficient digital infrastructure rollout. This positions Waveconn to meet the growing demand for reliable, high-quality wireless connectivity across Australia.
Waveconn is a portfolio company of OMERS Infrastructure, the infrastructure investing arm of Canadian pension fund OMERS. OMERS Infrastructure has three other investments in Australia – Port of Melbourne, Transgrid and FRV Australia.
For more information about Waveconn, please visit waveconn.com.