Business Services Industry
Macquarie Bank launches trimmed broadcast float.
Australasian Business Intelligence, July, 2002
Jul 08, 2002 (The Courier-Mail
ABIX via COMTEX) -- Australia's Macquarie Bank has launched the $A310m float of its communications infrastructure business. The company is trying to lure investors to its new Macquarie Communications Infrastructure Fund by forecasting $A24m in cash returns in 2002-2003. Investors in the float have also been assured of reaping predictable investment returns until 2005, with 89 per cent of its 2003-2005 revenue already locked into contracts. The company's sole asset is Broadcast Australia, which owns broadcast transmission infrastructure used by public broadcasters, SBS and ABC.
Publication Date: 9 July 2002
MACQUARIE COMMUNICATIONS
INFRASTRUCTURE LIMITED:
MACQUARIE BANK LIMITED - ASX MBL:...
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