Macquarie buys Carlyle’s TBC stake

19 Dec 2005

Australia’s largest commercial radio broadcaster Macquarie Media Group has struck a deal with the Carlyle Group to buy its 12% stake in Taiwan Broadband Communications (TBC) for AUD1.19 billion (USD890 million). According to local media reports Macquarie plans to expand TBC’s operations, which currently include 650,000 cable TV customers, which generate an average monthly income of USD18 per household