Macquarie takes out joint loan to buy Taiwan Broadband stock

January 23, 2006

Macquarie Media, Australia's largest commercial television company, has hired DBS Group Holdings Ltd. and ING Group to organize joint financing of approximately USD 4.229 million for the purchase of the 60% of Taiwan Broadband Communications stock held by Carlyle Group. The purchase will give Macquarie Media a 12% share of Taiwan's cable television network market.

Macquarie Media said in mid December that this move is aimed at putting it in a better position to participate in any type of integration with Taiwan's cable television sector in the future.

Carlyle Group originally invested USD 200 million in its purchase of Taiwan Broadband stock in July 1999.

Cable television is Taiwan's single largest broadcast media, and, with 4.4 million households as customers, Taiwan's cable television market is the third largest in Asia.

Taiwan is Australia's tenth largest trading partner.

(Central News Agency)

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