Advanced Television

Macquarie, MBK seal C&M deal

March 31, 2008

Australia’s Macquarie Group and private equity house MBK Partners have completed a $2 billion joint acquisition of South Korea’s number 2 cable TV operator C&M. The deal made the unlisted company the first Korean cable TV operator owned by private equity funds. The country’s adoption of digital and broadband TV services raise hopes for further revenue growth.

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