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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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