09/12/2008, GTP
SIDNEY, AUSTRALIA, September 12, 2008 - Macquarie Communications Infrastructure Group (MCGtoday advised that all conditions precedent to the sale of its interest in Global TowerPartners (GTP) have been satisfied and the transaction has reached financial close.
MCG has sold its interest in GTP to Macquarie Infrastructure Partners II (MIP II) for US$363 million.These proceeds will be used to fund MCG's repurchase of Exchangeable Bonds. The repurchase of A$309 million and US$89 million principal amount, of A$ and US$ Exchangeable Bonds respectively, is expected to reach financial close on 16 September.
For further information, please contact:
| John Hobson Head of Investment Relations Tel: 612 8232 5301 Mob: +61 488 00 2460 Email: john.hobson@macquarie.com |
Paul Gregory Public Affairs Manager Tel: 612 8232 4422 Mob: 61 414 805230 email: paul.gregory@macquarie.com |
Global Tower Partners (http://www.gtpsites.com), is one of the leading providers of outsourced antennae site facilities to the wireless communications industry in the United States. GTP's business includes the ownership, development, leasing and management of antennae sites on towers and commercial real estate rooftops. GTP owns, manages or master leases more than 10,200 wireless sites, including 3,300 towers throughout the United States. GTP's customers are leading wireless communications providers including Sprint-Nextel, AT&T/Cingular Wireless, T-Mobile USA, Verizon Wireless, MetroPCS, Cricket Communications and Centennial Wireless.
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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.
