Stilmark has 70-odd towers and OMERS has been in hot pursuit of such assets. Not very long ago, it was the underbidder at Optus and Axicom.
It will be interesting to see how the talks play out.
OMERS has shown itself to be as stealthy as a ninja (it signed the TPG deal while others were waiting for the auction to start) and it already has a history with Stilmark, but there’s plenty of hot money chasing towers.