OTPP to Buy Three Australian Telecom Companies
The Ontario Teachers’ Pension Plan (OTPP) reached an agreement to acquire 70% of three Australian telecommunications companies from Leighton Holdings Limited. Sydney-based Leighton Holdings Limited will retain a 30% interest in the companies. The companies to be acquired are Nextgen Networks, Metronode and Infoplex. A 100% valuation of all three companies put the total value at 885 million AUD. The deal is expected to close by mid-2013 and is subject to the Australian Foreign Investment Review Board.
Contact the writer or creator of this article or page.
Questions or comments: support(at)swfinstitute(dot)org
Follow on Twitter at @swfinstitute and @sovereignfunds
Learn, Attend and Network: Institutional Investor Events and Summits
Go Back: HOME: Sovereign Wealth Fund Institute