Australian investment bank Macquarie Asset Management has sold Czech telecommunication, media and technology infrastructure group Ceske Radiokomunikace (CRa) to investment company
“We are proud to have supported Ceske Radiokomunikace’s growth story over the past decade as it has evolved from a traditional broadcasting infrastructure owner and operator, into a leading digital infrastructure platform,” commented
According to
The sale price has not been disclosed, however, according to the analysts approached by the
“It can also be expected that the new owner will want a relatively generous price to get back in the form of a soft pressure on prices or contractual conditions. This is not very good news for the telecommunications market, but the good news is that the buyer is not a company from a country hostile to the
Macquarie funds entered CRa in 2011. According to Dohnal, infrastructure funds regularly sell their investments after five to 10 years. "In this case, the seller has certainly been helped by the relaxed monetary policy of the central banks in the developed world, which raises the prices of all assets that generate a steady revenue,” he said.
“Ceske Radiokomunikace is a national champion with an unrivalled portfolio of assets in a core European country. We are delighted to be partnering with their strong management team, its employees and other stakeholders in order to continue building Ceske Radiokomunikace as a leading digital infrastructure platform serving the broadcast, telecommunications and data centre markets,” added
Macquarie is a long-term investor in Czechia´s infrastructure, currently managing investments in GasNet, the operator of a 65,000-kilometre gas distribution network with 2.3mn connections across the country.
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