Today Leighton Holdings executed a sale agreement with Ontario Teachers’ Pension Plan (OTPP) regarding Nextgen Networks, Metronode and Infoplex (the Leighton Telecommunications businesses).
The transaction will result in OTPP acquiring a 70% stake in these businesses via a holding company structure, and Leighton Holdings retaining 30%.
This is a positive development for our company; OTPP support our commitment to delivering of high quality services for our customers, and providing innovative and custom driven ICT solutions in the Australian market.
OTPP are committed to investing in the business and we expect minimum interruption to our operations.
If you have any questions or concerns, please do not hesitate to contact your Metronode consultant.
Thank you for your support, we look forward to our continued relationship with you in 2013.
For more information on the sale and OTPP, click button below for full press release.read more ...