07/31/2007, GTP
Macquarie Communications Infrastructure Group (MCG) today
advised that the Macquarie consortium led by MCG and Macquarie
Infrastructure Partners (MIP) has satisfied all conditions
precedent, and reached financial close, on its US$1.425bn (A$1.7bn)
investment in Global Tower Partners (GTP).
MCG has an equity interest in GTP of 28.7%, which is a leading
owner and operator of towers and sites for wireless communications
services across the United States. GTP represents 2% of MCG's
revenue and 3% of MCG's EBITDA1.
1EBITDA is earnings before interest, tax,
depreciation and amortisation. Both percentages referred to here
are proforma for the six months to 31 December 2006.
Macquarie Communications Infrastructure Management Limited (MCIML)
is not an authorised deposit-taking institution for the purposes of
the Banking Act (Commonwealth of Australia) 1959, and MCIML's
obligations do not represent deposits or other liabilities of
Macquarie Bank Limited ABN 46 008 583 542 ("MBL"). MBL provides a
limited AUD1,750,000 guarantee to the Australian Securities and
Investments Commission in respect of Corporations Act obligations
of MCIML as a responsible entity of a managed investment scheme.
MBL does not otherwise guarantee or provide assurance in respect of
the obligations of MCIML, the performance of funds managed by MCIML
or the repayment of capital.
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Macquarie Group is a global provider of banking, financial, advisory, investment and funds management services. Founded in 1969, Macquarie operates in more than 70 office locations in 28 countries and has assets under management totaling nearly $200 billion USD as of September 2009.
