Macquarie Is Said to Weigh Philippine Telco Tower Firm Sale
- Macquarie Capital working with adviser on potential divestment
- A deal could value Philippine company at up to $800 million
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Macquarie Capital is considering selling its stake in one of the largest independent telecommunication tower companies in the Philippines, people with knowledge of the matter said.
The advisory, capital markets and investing arm of Australia’s Macquarie Group Ltd. is working with a financial adviser on the potential divestment, the people said, asking not to be identified as the process is private. A deal could value the Philippine entity, created from the recent combination of PhilTower Consortium Inc. and Miescor Infrastructure Development Corp., at $700 million to $800 million, two of the people said.