Ontario Teachers’ Pension Plan, the US$117.1bn Canadian pension fund, has reportedly entered the bidding process for NextGen Networks.
Meanwhile Hong Kong telco PCCW is preparing a US$300m bid for Leighton Holdings’ other telecoms assets, according…
Ontario Teachers’ Pension Plan, the US$117.1bn Canadian pension fund, has reportedly entered the bidding process for NextGen Networks.
Meanwhile Hong Kong telco PCCW is preparing a US$300m bid for Leighton Holdings’ other telecoms assets, according to Reuters.
As TelecomFinance previously reported, Australian construction company Leighton Holdings is looking to sell off its fibre optic network operator NextGen Networks, as well as data centre provider Metronode and cloud computing service provider Infoplex. The deal is expected to raise up to US$917m for the seller.
Bidders are working on a 9 February deadline, according to two sources quoted in the Reuters report.
PE firms KKR and Providence Equity Partners had previously expressed an interest in the telecoms assets, but KKR has now dropped its bid altogether and Providence is unlikely to place a final bid, according to today’s report.
Australian telco TPG Telecom remains in the bidding process for NextGen.
Macquarie Capital is advising Leighton on the sale.
Ontario Teachers’ Pension Plan did not respond to TelecomFinance in time for the press deadline.
