Aussie investment group eyes cable MSO

17 Aug 2005

Australian investment group Macquarie Bank has emerged as the leading bidder for Taiwan cable TV and internet operator Taiwan Broadband Communications (TBC). TBC’s US parent the Carlyle Group is looking to sell the company for about USD700 million – three times what it paid for the operator in 1999. TBC is the country’s third largest cable TV multiple-systems operator (MSO) with around 650,000 subscribers.