Specialist global asset manager Macquarie Asset Management has agreed the sale of Czech telecommunications company České Radiokomunikace to Cordiant Digital Infrastructure.
České Radiokomunikace is a leading telecommunications, media and technology infrastructure and services provider in the Czech Republic. It operates a portfolio of 660 telecommunications towers, with 86 television and 97 radio broadcasting sites, and 3,730 kilometres of fibre.
In addition to supporting nationwide broadcasting and connectivity, České Radiokomunikace offers cloud and data centre solutions, and, says Macquarie, has led the development of Internet of Things (IoT) technology throughout the country. The terms of the transaction have not been disclosed.
Cordiant Digital Infrastructure Limited primarily invests in the core infrastructure of the digital economy: data centres, fibre optic networks and broadcast and telecommunication towers.
Macquarie European Infrastructure Fund II (MEIF2), Macquarie European Infrastructure Fund III (MEIF3), and Macquarie Mercer Infrastructure Trust invested in České Radiokomunikace in 2011. Since then, České Radiokomunikace has led the transition to second-generation terrestrial digital video broadcasting (DVB-T2) and digital audio broadcasting.
It has also invested to support the rollout of 5G and developed what is described as a market-leading offering across IoT, cloud services and data centres.
Macquarie Asset Management is a long-term investor in the Czech Republic’s essential infrastructure. Today, its funds manage investments in GasNet, the operator of a 65,000-kilometre gas distribution network with 2.3 million connections across the country.