Waveconn
Waveconn is an Australian independent neutral host digital infrastructure provider that owns and operates approximately 1,400 tower and rooftop sites for the country's three national mobile network operators, government agencies, and property developers. Owned by OMERS Infrastructure, the company delivers build-to-suit, co-location, asset management, and neutral host services across Australia.
- Company typePrivate
- Founded2022
- HeadquartersSydney, Australia
- Headcount11–50
- GTM typeB2B
- OfferingServices
What Waveconn does
Waveconn is an Australian neutral host digital infrastructure company that develops, owns, and operates tower and rooftop sites for the country's mobile network operators, wireless internet service providers, government agencies, and property developers. The company was formed in August 2022 through OMERS Infrastructure's combination of the TPG/Vodafone tower and rooftop portfolio with Stilmark, creating an independent enterprise with approximately 1,400 sites in service and hundreds more in development across all Australian states. Its portfolio is being expanded through acquisitions of approximately 170 sites from American Tower's Australian operations (announced September 2024) and approximately 340 sites from Optus under a sale and licence-back (announced September 2025), alongside greenfield build-to-suit deployments funded in part by the Australian Government's Peri-Urban Mobile Program.
The company's product set spans the full infrastructure lifecycle: Build-to-Suit for new 5G-ready sites, Co-location for multi-carrier sharing of existing sites, Asset Management advisory for property and infrastructure owners, Structure Supply of bespoke and standard telecommunications steel infrastructure, Property Development Partnership for embedding connectivity into masterplanned communities, and Neutral Host Technologies covering small cells, distributed antenna systems, and edge computing. Operational technology includes an iLOQ S50 mobile-based digital access system integrated with a site access portal (portal.waveconn.com) used by permit holders to request and check in to sites, plus a downloadable site list for carrier network planning.
Waveconn monetizes primarily through recurring tower and rooftop rental revenue from carrier tenants, supplemented by managed build-to-suit services, hardware sales, asset management fees, and developer partnership arrangements. Go-to-market is sales-led enterprise field engagement targeting the three national MNOs (Telstra, Optus, TPG Telecom), federal and state government agencies including emergency services, and Australia's leading property developers such as Frasers Property Australia, Stockland, and Dennis Family Corporation. The company holds ISO 9001, ISO 14001, and ISO 45001 certifications and memberships in the Cyber Infrastructure Security Centre, Trusted Information Sharing Network, Communications Sector Group, and ASIO Business Outreach Program, supporting its positioning as a critical-infrastructure provider. Waveconn is led by CEO Grant Stevenson (effective February 2024) and Chairman Graham Bradley AM, and is wholly owned by OMERS Infrastructure.
Waveconn firmographics
Firmographics- Name
- Waveconn
- Legal name
- Waveconn
- Website
- https://waveconn.com
- Company type
- Private
- Founded year
- 2022
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Waveconn is an Australian independent neutral host digital infrastructure provider that owns and operates approximately 1,400 tower and rooftop sites for the country's three national mobile network operators, government agencies, and property developers. Owned by OMERS Infrastructure, the company delivers build-to-suit, co-location, asset management, and neutral host services across Australia.
- Ownership category
- akta.pro rank
Waveconn industry classification
Industry- Product category
- Telecommunications Infrastructure
- NAICS
- Wired and Wireless Telecommunications Carriers (except Satellite) (51711)
- SIC
- Telephone Communications (No Radiotelephone) (4813)
- akta.pro primary industry
- Structural & Civil Engineering for Sites (Design, Reinforcement, Foundations) (HDAIAKAI)
- akta.pro secondary industry
- Telecom Tower & Mast Construction (Greenfield Builds, Foundations, Erection) (IMAFAIAC)
Keywords
Where Waveconn is headquartered
LocationHeadquarters
- HQ city
- Sydney
- HQ country
- Australia
- HQ region
- Oceania
Offices1 record
Markets served
Waveconn business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Infrastructure, Supply Chain, Personnel, Operations, Technology or R&D, Marketing or Sales
Revenue model
- Tower and Rooftop Site Rental: Recurring rental revenue from tower and rooftop sites to mobile network operators and wireless internet service providers. Sites are shared infrastructure enabling multiple carriers to deploy equipment.
- Build-to-Suit Services: Development of new 5G-ready tower and rooftop sites delivered with speed, cost efficiency and high success rates for telecommunications clients.
- Asset Management Services: Digital connectivity advisory services protecting asset integrity and maximizing value for property portfolio owners, infrastructure clients, and real estate investment trusts.
- Structure Supply: Supply of bespoke and standard telecommunication structures and associated steel fabricated infrastructure including headframes and mounts.
- Property Development Partnership: Long-term mobile connectivity planning and execution services for property developers, providing expert single point of contact from design through implementation.
Go-to-market motion2 records
Distribution channels3 records
Marketing channels5 records
Waveconn product offering
Product offeringCore offering
Waveconn develops, owns, and operates a national portfolio of approximately 1,400 tower and rooftop telecommunications sites across Australia, providing build-to-suit 5G-ready site deployment, co-location services for mobile network operators, asset management advisory, bespoke steel structure supply, property development connectivity partnerships, and neutral host technologies including small cells, DAS, and edge computing. The company operates as a neutral host, enabling shared infrastructure access for multiple carriers and government clients.
Product overview
Waveconn operates as a neutral host digital infrastructure provider offering a suite of tower and rooftop infrastructure services. The core offering includes Build-to-Suit (new 5G-ready site development), Co-location (sharing existing infrastructure with mobile network operators), Asset Management (advisory services for infrastructure clients and property owners), Property Development Partnership (connectivity planning for new developments), Structure Supply (telecommunications structures and steel fabrication), and Neutral Host Technologies (small cells, DAS, edge computing). Supporting infrastructure includes a Site Access Portal for permit management and downloadable site lists for network planning. The portfolio comprises approximately 1,400 tower and rooftop sites nationwide with hundreds more under development.
Differentiator
Problem solved
Functional benefit
Products and services
- Build-to-Suit
Quantifiable outcome
- Faster deployment with higher success rates than industry average
- +2 more outcomes
Companies that use Waveconn
Customer profileNamed customers6 records
Segments4 records
Ideal customer profiles4 records
Waveconn technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature4 records
Waveconn partnerships and signals
Strategic signalPartnerships
Eight partnerships are on record, tiered core and major.
- OptuscoreOptus announced sale and licence-back of approximately 340 mobile tower and rooftop sites to Waveconn. Waveconn is delivering new mobile sites for Optus under existing build programs; Optus currently accesses over 900 Waveconn sites. The transaction is subject to regulatory approvals.
- American Tower CorporationcoreWaveconn entered into a definitive agreement to acquire 100% of shares in AT Australia Pty Ltd and AT Australia Operations Pty Ltd from American Tower Corporation. This acquisition expands Waveconn's portfolio by approximately 170 sites (land under mobile towers and building rooftops). Transaction subject to FIRB approval, expected to close Q4 2024.
- Australian Government (PUMP)coreWaveconn awarded funding under Peri-Urban Mobile Program (PUMP) Round 2 to develop 27 new mobile sites across Hobart, Adelaide, Ballarat, Melbourne, Wollongong, Sydney, Central Coast, Newcastle, Tweed Heads, Gold Coast, Brisbane, and Cairns. Program focuses on bushfire-prone peri-urban areas.
- Frasers Property AustraliamajorPartnership with Frasers Property Australia at Five Farms masterplanned community in Clyde North, Melbourne. Waveconn provides mobile tower solution covering planning permits, installation, and carrier coordination (Telstra, Optus, Vodafone/TPG).
- StocklandmajorPartnership with Stockland at Evergreen development in Clyde, Melbourne. Waveconn delivering new digital infrastructure through PUMP program with expanded network services from TPG Telecom and Optus.
- Dennis Family CorporationmajorPartnership with Dennis Family Corporation at Peppercorn Hill development in Donnybrook, Melbourne. Waveconn delivering new digital infrastructure through PUMP program with expanded network services from TPG Telecom and Optus.
- TPG TelecomcoreLong-standing partnership with TPG Telecom for mobile connectivity expansion. Original portfolio source (Vodafone tower and rooftop portfolio) combined with Stilmark to form Waveconn in 2022. TPG is partnered with Waveconn for PUMP program site deployments.
- TelstracorePartnership with Telstra as one of three national MNOs. Waveconn provides shared mobile infrastructure enabling Telstra network services at Waveconn tower and rooftop sites.
Scale indicators7 records
Recent moves7 records
Expansion highlights6 records
Waveconn competitors and assessment
Company assessmentBroad incumbents
- SBA Communications: Global tower operator with substantial Australian tower portfolio. Operates the same lease-to-MNOs infrastructure model and competes for MNO sale-and-leaseback transactions in Australia.
- Crown Castle: US-listed tower and fiber infrastructure REIT with significant small-cell and DAS focus. Directly comparable because Crown Castle operates the same asset class (towers, small cells, DAS, fiber) on a neutral-host basis, which is precisely Waveconn's neutral-host technology stack.
- Cellnex Telecom: Europe's largest independent tower operator; closest international comparable in scale, neutral-host positioning and MNO-divestment-driven growth model. Waveconn represents an Australasian analog of Cellnex's strategy.
- American Tower Corporation: Global leading tower operator and REIT; directly comparable as a tower infrastructure owner whose Australian subsidiary was just acquired by Waveconn. Same neutral-host business model applied across geographies.
- Indus Towers: Large independent towerco in India serving multiple MNOs on a shared-infrastructure basis. Comparable as a multi-carrier neutral-host tower company with similar revenue model to Waveconn.
Emerging players
- Boingo Wireless: Neutral-host DAS, small-cell and Wi-Fi network operator serving venues and public infrastructure. Comparable in its neutral-host technology stack and carrier-of-carriers business model, though US-centric.
- Dense Air: Specialised neutral-host small-cell and DAS provider operating across Australia and other markets. Comparable because it pursues the same neutral-host/densification opportunity as Waveconn's small-cells and DAS services.
- Towershare: Australian tower and infrastructure company; smaller-scale rival operating in the same Australian tower and neutral-host segment. Limited public visibility makes domain information uncertain.
Direct peers
- Telstra InfraCo: Internal infrastructure arm of Telstra — Australia's largest MNO and Waveconn's customer/partner — competing for tower, fibre and critical-infrastructure opportunities. Directly comparable because it operates at the intersection of MNOs and shared passive infrastructure.
- Stilmark: Australian telecommunications infrastructure company acquired by OMERS in 2022 and combined with TPG/Vodafone's portfolio to form Waveconn. The direct predecessor and business-model twin of Waveconn.
Market position
Strengths5 records
Weaknesses4 records
Competitive moat6 records
Key risks6 records
Key highlights7 records
Customer concentration
Waveconn social profiles
Digital presenceWaveconn compliance and trust
Trust signalCompliance3 records
Waveconn financial estimates
Financial estimateRevenue estimate
Valuation estimate
Waveconn leadership team
Management profileNumber of profiles
Profiles8 records
Waveconn funding detail
Funding detailFunding overview
Funding rounds1 record
Investors1 record
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Waveconn M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Waveconn
What does Waveconn do?
Waveconn develops, owns, and operates a national portfolio of approximately 1,400 tower and rooftop telecommunications sites across Australia, providing build-to-suit 5G-ready site deployment, co-location services for mobile network operators, asset management advisory, bespoke steel structure supply, property development connectivity partnerships, and neutral host technologies including small cells, DAS, and edge computing. The company operates as a neutral host, enabling shared infrastructure access for multiple carriers and government clients.
Is Waveconn a public or private company?
Waveconn is a private company. It is classified as private equity controlled and is currently operating.
When was Waveconn founded?
Waveconn was founded in 2022. It employs 11 to 50 people.
Where is Waveconn based?
Waveconn is headquartered in Sydney, Australia, in the Oceania region.
How does Waveconn make money?
Five revenue lines are on record. Tower and Rooftop Site Rental is the primary driver. The others are build-to-Suit Services, asset Management Services, structure Supply and property Development Partnership.
Who are Waveconn's main competitors?
Broad incumbents on record are SBA Communications, Crown Castle, Cellnex Telecom, American Tower Corporation and Indus Towers. Emerging players are Boingo Wireless, Dense Air and Towershare. Direct peers are Telstra InfraCo and Stilmark.
Does Waveconn have an API?
No public API is recorded for Waveconn.
What industry is Waveconn in?
Waveconn's product category is Telecommunications Infrastructure. Its primary akta.pro industry code is HDAIAKAI, Structural & Civil Engineering for Sites (Design, Reinforcement, Foundations), with a secondary code of IMAFAIAC, Telecom Tower & Mast Construction (Greenfield Builds, Foundations, Erection). Its NAICS code is 51711 and its SIC code is 4813.