What Connexa does

Connexa Limited designs, builds, operates, and leases shared passive mobile telecommunications infrastructure across New Zealand. The company's core product is its portfolio of over 2,500 mobile tower sites — physical assets including steel structures, concrete foundations, battery backup systems, and equipment cabinets that enable wireless connectivity for mobile network operators and critical communications providers. Connexa offers co-location services (multiple carriers sharing a single tower), built-to-suit tower construction as part of an 800-site forward-build programme over eight years, and tower resilience upgrades such as 24-hour battery backup. Two proprietary digital platforms augment the physical infrastructure: the Tower Management Platform (TMP), which provides real-time project tracking and customer collaboration, and OMNI, launched February 2026, which delivers automated real-time monitoring and alerting of critical power systems across the tower portfolio.

Connexa generates revenue primarily through long-term, recurring tower infrastructure leases with mobile network operators, supplemented by built-to-suit construction revenue and co-location fees. The company's anchor customers include all three New Zealand mobile network operators — Spark New Zealand, 2degrees, and One NZ — under multi-year to 20-year lease agreements, alongside critical communications customers such as Kordia, Vital, Airways, Tait, and Civil Defence. Pricing is negotiated contractually rather than publicly disclosed. In January 2026, Connexa outsourced network operations to Nokia under an exclusive Network Operations Center partnership, becoming the first TowerCo in Oceania to do so.

The company was formed in 2022 when Spark New Zealand sold a 70% stake in its passive tower infrastructure to Ontario Teachers' Pension Plan, subsequently rebranding from Spark TowerCo. In June 2023, Connexa acquired 2degrees' 1,124 tower sites for NZ$1,076 million, and in December 2024 it acquired ATC New Zealand Limited while welcoming La Caisse (Caisse de dépôt et placement du Québec) as a 50/50 co-controlling shareholder alongside OTPP following a NZ$909 million investment.

Name

Connexa

Legal name

Connexa Limited

Website

https://connexa.co.nz

Company type

Private

Founded year

2022

Operating status

Operating

Headcount range

51–100 employees

Short description

Connexa Limited is New Zealand's largest independent mobile tower infrastructure company, operating over 2,500 tower sites serving the country's three mobile network operators (Spark, 2degrees, One NZ) and critical communications providers through co-location, built-to-suit, and resilience upgrade services.

Ownership category

akta.pro rank

Product category

Mobile Tower Infrastructure

NAICS

Power and Communication Line and Related Structures Construction (237130)

akta.pro primary industry

Real Estate, Leasing & Colocation Management (Landlords/REITs) (HDAIAKAJ)

akta.pro secondary industries

Structural & Civil Engineering for Sites (Design, Reinforcement, Foundations) (HDAIAKAI), Tower Portfolio Acquisition & Management Platforms (Asset/Lease Management Software) (HDAIAKAL), Poles, Towers & Structures (wood/steel/concrete poles, lattice towers, monopoles, crossarms) (EUADADAF)

Keywords

• Mobile tower infrastructure
• Tower leasing services
• Co-location solutions
• Built-to-suit towers
• Telecom infrastructure

Headquarters

HQ city

Auckland

HQ country

New Zealand

HQ region

Oceania

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Infrastructure, Operations, Personnel, Supply Chain, Technology or R&D, Marketing or Sales

Revenue model

1. Tower Infrastructure Leasing: Long-term lease arrangements with mobile network operators (MNOs) for access to tower infrastructure. 2degrees has a 20-year agreement with Connexa (plus rights of renewal) to secure access to existing and new towers. Revenue is generated through monthly rental payments from telecommunications providers sharing tower infrastructure.
2. Built-to-Suit Solutions: Custom tower construction services where mobile towers are built specifically for customer needs. Connexa has committed to building additional sites (800 new mobile towers over eight years) for customers like Spark and 2degrees.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels4 records

Core offering

Connexa designs, builds, operates and leases shared mobile tower infrastructure across New Zealand. It offers co-location services (multiple operators on a single tower), build-to-suit solutions (new tower construction for operator requirements), and proactive maintenance for its portfolio of more than 2,500 sites. Customers are Mobile Network Operators (Spark, 2degrees, One NZ) and critical communications providers such as Kordia, Vital, Airways, Tait and Civil Defence.

Product overview

Connexa is New Zealand's leading mobile tower infrastructure company operating a single unified platform of tower assets and services. The core offering consists of passive mobile telecommunications infrastructure (steel, concrete, towers, batteries, cabinets) across 2,500+ sites. This is supplemented by the Tower Management Platform (TMP) for project tracking and collaboration, OMNI for real-time power monitoring, and services including Built-to-Suit custom tower construction and Co-location solutions enabling multiple carriers to share infrastructure. The portfolio is rounded out by 24-hour battery backup upgrades for network resilience. Connexa's forward-build programme commits to adding 800 new sites over eight years.

Differentiator

Problem solved

Functional benefit

Brands

• OMNI: Operations Monitoring & Network Intelligence - a technology platform providing real-time monitoring and alarming of critical power systems across Connexa's tower sites.

Products and services

• Mobile Tower Infrastructure (Tower Leasing) Leasing of passive mobile tower infrastructure (sites, towers, power, ready space for active radio equipment) to Mobile Network Operators and critical communications providers across New Zealand. Anchored on long-term contracts with Spark, 2degrees, and One NZ.
• Built-to-Suit Solutions Design and construction of new mobile tower sites to operator-specified requirements. Delivered as part of Connexa's forward-build programme and used by Mobile Network Operators to extend coverage into rural or new geographic areas.
• Co-location Solutions Co-location service that allows multiple Mobile Network Operators to host their active radio equipment on a single Connexa-owned tower site, enabling infrastructure sharing and reducing duplicate tower builds.
• OMNI (Operations Monitoring & Network Intelligence) Connexa's proprietary digital platform for monitoring tower performance and providing network intelligence across its 2,500+ tower portfolio. Supports proactive operations and energy management.
• Tower Management Platform (TMP) Connexa's proprietary digital platform that manages site portfolio data, leases, and partner access — providing partners with self-service insight into the tower portfolio.
• 24-Hour Battery Backup Upgrade Service Value-added service that upgrades tower sites with 24-hour battery backup capability, enhancing site resilience for critical communications and mobile operator customers that require high-availability infrastructure.

Quantifiable outcome

• 295 Spark mobile cell towers upgraded to 24-hour battery backup, maintaining connectivity for up to 1.7 million addresses during power outages
• +2 more outcomes

Named customers8 records

Segments2 records

Ideal customer profiles2 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature2 records

Partnerships

Four partnerships are on record, tiered minor and core.

• Infrastructure New ZealandminorStrategic or Co-development Partner · 1 June 2025Partnership to produce 'Delivering Next Generation Infrastructure' report examining how foreign direct investment helps deliver world-class mobile tower infrastructure. Report outlines seven key insights for successful infrastructure delivery.
• National Infrastructure Fund and Financing (NIFF)coreStrategic or Co-development Partner · 1 May 2025NIFF awarded contract to Spark and Connexa partnership to enhance resilience of 295 Spark mobile cell towers by upgrading battery backup capacity to 24 hours. Government allocated $6.4 million to the fund, with $4 million contracted for the upgrades. Project expected to complete by June 2027.
• Spark New ZealandcoreStrategic or Co-development Partner · 1 May 2025Spark is a major customer and strategic partner, working with Connexa on the 295-site NIFF resilience project to upgrade battery backup systems. Spark retains 17% stake in Connexa (now held by La Caisse following December 2024 transaction). Long-term relationship with 20-year lease agreements for tower access.
• NokiacoreTechnology or Integration · 1 January 2025Nokia selected as exclusive Network Operations Center (NOC) partner - first time in Oceania a TowerCo has outsourced network operations to a global NOC services provider. Nokia provides centralized management and proactive monitoring of critical infrastructure through their managed services platform, enabling Connexa to consolidate from multiple local providers and improve efficiency.

Scale indicators8 records

Recent moves10 records

Expansion highlights5 records

Broad incumbents

• American Tower Corporation: Global leader in tower infrastructure with operations across the US, Africa, Asia, and Latin America. Provides the benchmark business model for large-scale tower leasing that Connexa is replicating at national level in New Zealand, including build-to-suit and co-location services for major MNOs.
• Crown Castle: US tower and fiber infrastructure operator with a nationwide portfolio of towers, small cells, and fiber assets leased to carriers. Relevant broad incumbent comparable for Connexa's combination of macro towers plus a digital operations platform (TMP/OMNI) and forward-build pipeline.

Direct peers

• Indus Towers: India's largest towerco, providing shared passive infrastructure to multiple telecom operators under long-term contracts. Operates the same multi-tenant towerco business model as Connexa, with portfolio scale, operational technology, and consolidation-driven growth patterns directly analogous to the NZ market structure.
• Helios Towers: Independent tower operator focused on emerging markets across Africa and the Middle East, acquiring and building passive infrastructure for MNOs. Comparable in business model — sponsor-backed (notably including infrastructure investors) with a focus on single-country or regional tower portfolios contracted to multiple MNOs.
• SBA Communications: US-listed tower operator specializing in owning and leasing tower infrastructure to wireless carriers. Operates a similar lease-driven, multi-tenant business model with site acquisition, build-to-suit, and co-location revenue streams that are structurally identical to Connexa's.
• Vertical Bridge: Largest private tower company in the US, with a portfolio of towers, DAS, and small cells leased to wireless carriers and network operators. Connexa director Daniel Mirabile sits on its board, and the business model — sponsor-backed towerco focused on co-location and build-to-suit — is highly comparable.
• Telxius (Telefonica Infra): Telefonica's tower and submarine cable infrastructure unit, leasing capacity to MNOs and global carriers. A directly comparable vertically-carved-out towerco with similar institutional ownership dynamics and contracted-revenue profile, though operating at larger geographic scale.
• Cellnex Telecom: Europe's largest independent tower company, operating a portfolio of towers and DAS assets leased to MNOs on long-term contracts. Closest comparable business model to Connexa in terms of asset-light towerco operations, co-location focus, and pension-fund institutional backing.

Emerging players

• edotco Group: Regional tower operator across South and Southeast Asia, providing passive infrastructure sharing solutions to MNOs. Operates the same towerco model as Connexa in a different geography, with comparable focus on co-location economics and operational technology platforms for tower management.

Regional players

• Telstra InfraCo: Telstra's infrastructure unit in Australia, monetizing passive telecom infrastructure including towers and ducts to internal and external customers. Comparable as a regional carrier-affiliated towerco in a trans-Tasman market, though structurally distinct given its retained ownership within Telstra.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/connexa-limited

Revenue estimate

Valuation estimate

Number of profiles

Profiles14 records

Subsidiaries1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Connexa