Firm noted for representation of NTL Inc. in the disposition of its Broadcast unit to a consortium led by Macquarie Communications Infrastructure Group, The Daily Deal, "Consortium to Buy NTL Unit"

Firm noted for representation of NTL Inc. in the disposition of its Broadcast unit to a consortium led by Macquarie Communications Infrastructure Group, The Daily Deal, "Consortium to Buy NTL Unit"

In the December 3rd Daily Deal, an article entitled "Consortium to Buy NTL Unit" notes that "[a] consortium led by Australia's Macquarie Communications Infrastructure Group will buy NTL's U.K. broadcast and towers unit for £1.27 billion ($2.45 billion) after beating four rivals in an auction. Sydney-based MCG will hold a 54% stake in NTL Broadcast. MCG's parent, Macquarie Bank Ltd., will own 13% and Challenger Financial Services Group Ltd....will own 6%. Several pension funds and various unidentified clients of Macquarie's private banking business will hold the remainder....Final offers for NTL Broadcast, the second-biggest business of its type in the U.K., were submitted Nov. 28 under an auction process that Goldman Sachs International managed. Fried, Frank, Harris, Shriver & Jacobson LLP provided counsel on the transaction." [Representing NTL were partners Robert Mollen, Daniel Bursky, David Sheldon, Jeffrey Bagner, Jack Jacobson, Jonathan Lewis and Sian Withey.]

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