Teachers’ snags stake in telecoms Down Under
Ontario plan takes 70% stake of companies.
BY Staff | March 28, 2013
The businesses—Nextgen Networks, Metronode and Infoplex—are currently valued at AUD$885 million.
“We are excited about moving ahead with Leighton. The businesses are a good fit with our portfolio and investment mandate,” said Lee Sienna, vice-president, long-term equities, with Teachers’. “Together, they provide solid revenue streams and growth upside. We look forward to working with the existing management team to build on its strong track record.”
This article originally appeared on Benefitscanada.com.