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UK: MEIF 6 Fibre unit to buy telecoms firm KCOM

 |  July 14, 2019

Macquarie unit MEIF 6 Fibre’s bid to buy KCOM Group in a deal that values the British telecoms company at £627 million (US$787.5 million), ending a bidding war with a UK pension fund.

The high value of the deal reflects the appeal of KCOM’s prized full-fiber network, an attractive asset to firms looking to build a presence in the sector without spending on new infrastructure roll-out.

Macquarie funds have been investors in critical telecom infrastructure since the early 2000s, including investments in European players Arqiva, Poland-based INEA, and Denmark’s TDC.

Full Content: Reuters

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