TBC stake up for sale

An important stake in one of Taiwan's leading cable operators has been put up for sale by some of the company's foreign owners. Taiwan Broadband Communications is owned by a consortium made up of two investment funds linked to Australia's Macquarie Group and Intermediate Capital Group, a London-based provider of debt finance. According to reports, the consortium has in recent weeks held talks with several global private equity funds that could result in a sale of up to 49 per cent of TBC.

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