Mast be appealing; European infrastructure that is. As the Financial Times reports, UniSuper, the Australian pension fund, has acquired an indirect 5% stake – worth $677 million – in Vantage Towers, the European telecom masts business owned by Vodafone. This is the first signal of intent by UniSuper as it looks to increase its global infrastructure investment portfolio. Vodafone sold a chunk of Vantage Towers to a consortium of investors last November including KKR; the PE giant through whom UniSuper has made the investment. Mobile telecom towers are vital to the roll-out of 5G (and beyond). No doubt other infrastructure investors will be looking to take ad-Vantage of future opportunities in Europe.