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Notification of Financial Close on ntl:Broadcast Acquisition |
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01 February 2005 Macquarie Communications Infrastructure Group (MCG) today advised that the consortium led by MCG has reached financial close on the 100% acquisition of National Transcommunications Limited and NTL Digital Limited (together “ntl:Broadcast”). MCG has acquired a 54% interest in ntl:Broadcast for A$854 million (£342 million). The MCG led consortium includes Macquarie Bank Limited, Industry Funds Management (Nominees) Limited, Challenger Financial Services Group, MTAA Superannuation Fund Pty Ltd, Invest Allied Limited, Macquarie Global Infrastructure Fund II and clients of Macquarie Private Bank. MCG notes that in accordance with the Consortium Shareholders’ Agreement MCG representatives have been appointed to four of the seven director positions on the ntl:Broadcast Boards. For further information, please contact:
Richard Nelson
Media Enquiries |
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