Macquarie European Infrastructure Fund 4 (MEIF4) is to buy a 100% stake in the Slovak incumbent telco Towercom from Hampden Investments for an undisclosed fee.
Quoting an announcement by MEIF4, local Slovak and Czech media report that the deal is still subject to regulatory approval.
Towercom has 685 broadcast towers, providing extensive distribution of TV and radio signals throughout Slovakia.
Significantly, Macquarie infrastructure Funds already owns 100% of Ceske Radiokomunikace (CRa), Towercom’s counterpart in the Czech Republic.
Macquarie, through Macquarie Infrastructure and Real assets (MIRA), had more than €74 billion in assets as of September last year.
Its global investment portfolio includes businesses located in Belgium, Denmark, France, Germany, Poland, Czech Republic, Spain, Sweden, Russia and the UK.
Globally, the Australian group had assets under management of $396 billion as of the end of March this year.