Teachers Buys Majority Stake in Telecom Assets Down Under

Ontario Teachers' Pension Plan will acquire 70% of telecommunications assets owned by Sydney, Australia-based developer and contractor Leighton Holdings Ltd. The acquisition involves three individual companies, Nextgen Networks, Metronode and Infoplex, which have a combined sales value of approximately A$885 million (C$902 million). The transaction is expected to be completed in mid-2013.

DealsCanadaNorth AmericaBriefs