Brookfield Asset Management Inc. (TSX:BAM.A) and H.R.L. Morrison & Co Private Markets Pty. Ltd. are understood to have hired investment bank Barrenjoey Capital Partners for the sale of Vodafone New Zealand Limited's telecoms towers. Morrison manages the Infratil Limited (NZSE:IFT) in which the Vodafone NZ interest is held.

Infratil Limited told the market on November 12, 2021 that it was exploring "network capital release options" for its business.