MIIF directors call for support for TBC stake sale

9 Apr 2013

Independent directors of Macquarie International Infrastructure Fund (MIIF) have reportedly recommended that shareholders support the sale of its holding in Taiwan Broadband Communications (TBC), according to the Straits Times. It is understood that MIIF could generate as much as USD469.5 million from the deal, once transaction costs are accounted for, should the stake sale be completed.

As noted in TeleGeography’s GlobalComms Database, TBC was established in 1999 and today is one of the country’s three largest cable TV operators. TBC has five regional networks in northern and central Taiwan, which pass approximately one million cable-ready homes, and alongside its long-established broadband product line, TBC also offers voice-over-internet protocol (VoIP) telephony.

Taiwan, Taiwan Broadband Communications (TBC)