Taiwan Broadband plans IPO
April 8, 2013
Taiwanese cable pay-TV operator TBC, with more than 1 million connected homes, is looking to mount an Initial Public Offering (IPO) and raising US$800 million in the process.
Taiwan Broadband is part-owned by Australia’s giant banking operation Macquarie Group and says it will list the business on the Singapore stock exchange as the Asian Pay TV Trust’. Macquarie’s International Infrastructure Fund (MIIF) is also listed on the Singapore exchange. The 47.5 percent stake held by Macquarie will, following the IPO, be placed into MIIF.
TBC operates in central and Northern Taiwan.