Macquarie fund buys stake in Taiwan Broadband

Macquarie's Singapore-listed infrastructure fund buys 20% of Taiwan Broadband Communications for $178 million from an unspecified seller.

Singapore-listed Macquarie International Infrastructure Fund has bought 20% of Taiwan Broadband Communications TBC from an unspecified seller for $178 million.

TBC offers cable television, high speed internet and cable telephony services through proprietary cable infrastructure which passes around one million homes in north and central Taiwan.

Macquarie Bank and Macquarie Media Group acquired TBC from private equity firm Carlyle in December 2005, but the announcement surrounding the latest sale of a 20% stake to one of Macquarie's funds is ambiguous...

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