Macquarie defeats stiff competition to secure £1.27bn NTL deal

Macquarie Communications Infrastructure Group, a specialist fund part-owned by the Australian bank Macquarie, has beaten off competition from private equity groups to win the £1.27bn (€1.8bn) auction for NTL's transmission mast business.

Macquarie Communications led a consortium of seven investors. It is taking a 54% stake in NTL:Broadcast. Macquarie Bank will hold a 13% stake. The remaining 33% will be divided between the consortium, which includes Industry Funds Management and Challenger Financial Services, two Australian financial services groups.

WSJ Logo
Ray Dalio Sells Last Stake in Bridgewater, the Hedge Fund That Made Him a BillionaireExternal link

Ray Dalio Sells Last Stake in Bridgewater, the Hedge Fund That Made Him a Billionaire