I mentioned yesterday that Macquarie International Infrastructure Fund (MIIF) may be an attractive proposition. (article here >)
Today I present some data on TBC, which is a 47.5% owned asset by MIIF. MIIF increase their stake from 20% to 47.5%.
Why increasing their stake in TBC is good?
If we look at the business, it is pretty diversified
- Cable TV. Invests substantially in upgrading and maintaining their networks to provide high-quality of delivery of 100 channels. Their top-rated local offerings in include the ever-popular entertainment channels such as SET, CTV and ETTV. Popular news channels such as TVBSN and CTiN also play alongside kids’ favourite channels including ET YoYo and sports channels like VL Sports. In addition, a wide range of international brand names like HBO, Discovery, National Geographic , ESPN and CNN also feature in this strong line-up.
- Digital TV. Not well penetrated now, which ...
