06 December 2010
LONDON – Three Macquarie-managed infrastructure funds today announced an agreement to acquire České Radiokomunikace. Macquarie European Infrastructure Fund II (MEIF2), Macquarie European Infrastructure Fund III (MEIF3) and the Macquarie Mercer Infrastructure Trust will acquire 100 per cent of the leading owner and operator of broadcasting and telecommunication tower infrastructure in the Czech Republic, for total consideration of approximately €574 million. The acquisition is subject to customary closing conditions, including Czech Anti-monopoly office clearance.
České Radiokomunikace’s primary business consists of the transmission of analogue and digital terrestrial TV and radio signals for public and commercial TV and radio broadcasters in the Czech Republic. České Radiokomunikace’s business is supported by a unique infrastructure of 26 high-rise towers and over 800 towers and masts, as well as a 2,600 kilometre fibre-optic backbone network.
Mr Edward Beckley, Senior Managing Director of Macquarie Infrastructure and Real Assets said, “We are very pleased to have agreed to acquire České Radiokomunikace. The company has a unique tower and supporting network infrastructure and an impressive track record in successfully managing the television Digital Switch-Over programme. We look forward to working with České Radiokomunikace and continuing to invest in high-quality broadcast and telecommunication infrastructure in the Czech Republic.”
Funds managed by Macquarie Infrastructure and Real Assets, part of Macquarie Group, have a strong track record in responsible investment in telecommunications infrastructure in the United Kingdom, South Africa, India and the United States.
Macquarie Infrastructure and Real Assets
Macquarie Infrastructure and Real Assets (MIRA), part of Macquarie Funds Group, is a leading global alternative asset manager specialising in infrastructure funds, other real asset funds and customised accounts. Established in 1996, MIRA’s team of approximately 400 experienced professionals located in 16 countries manages 43 funds with €69bn of assets under management, including 100 infrastructure assets. MIRA’s in-depth operational expertise and active asset management, combined with access to deal sourcing capability provide a unique competitive advantage.
Macquarie Group (Macquarie) is a global provider of banking, financial, advisory, investment and funds management services acting on behalf of institutional, corporate and retail clients and counterparties around the world.
Founded in 1969, Macquarie operates in more than 70 office locations in 28 countries. Macquarie employs approximately 15,500 people and had assets under management of €225bn at 31 September 2010.