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TMCNet:  Canadian fund leads race for Leighton telco assets

[February 20, 2013]

Canadian fund leads race for Leighton telco assets

Feb 20, 2013 (The Australian - ABIX via COMTEX) -- Shares in TPG Telecom fell by 9.4 per cent on 20 February 2013 to $A2.51. This followed the announcement that it had missed out on buying 70 per cent of Leighton Holdings' telecommunications assets, which include Infoplex and NextGen Networks. Instead, the Ontario Teachers' Pension Plan was announced as the preferred bidder for the assets. The $A117 billion fund is expected to pay around $A620 million.



Publication Date: 21 February 2013 TPG TELECOM LIMITED - ASX TPM LEIGHTON HOLDINGS LIMITED - ASX LEI INFOPLEX PTY LTD NEXTGEN NETWORKS PTY LTD ONTARIO TEACHERS' PENSION PLAN METRONODE PTY LTD PCCW LIMITED AAPT LIMITED IINET LIMITED - ASX IIN HASTINGS FUNDS MANAGEMENT LIMITED

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