Dec. 6 (Bloomberg) -- Macquarie Group Ltd.’s infrastructure funds agreed to pay 574 million euros ($763 million) for Czech broadcasting provider Ceske Radiokomunikace AS.
The acquisition of a 100 percent stake in Prague-based Ceske Radiokomunikace is subject to approval by the Czech anti-monopoly office, Macquarie said in an e-mailed statement today.
Ceske Radiokomunikace controls transmission of analog and digital terrestrial signals for Czech public and commercial television and radio broadcasters. The company’s infrastructure includes 26 high-rise towers, 800 masts and 2,600 kilometers (1,615 miles) of fiber-optic cables, Macquarie said.
“The company has a unique tower and supporting network infrastructure and an impressive track record in successfully managing the television digital switch-over program,” Edward Beckley, Macquarie Funds’ senior managing director, said in the statement.
Macquarie is buying the Czech broadcaster from Falcon Group, a group of investors that is 75 percent controlled by funds managed or advised by Mid Europa Partners.
To contact the editor responsible for this story: Douglas Lytle at email@example.com