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May 2007
Cox Hallett Wilkinson ("CHW") has advised Guardian Digital Communications, an Australian acquisition vehicle formed by Macquarie Communications Infrastructure Group ("MCG") and Macquarie European Investment Fund II, in relation to the agreed acquisition of Airwave O2 and Arqiva, the UK broadcast group partly owned by MCG, in relation to the acquisition of National Grid Wireless
The CHW team, led by Jonathan Betts, advised on the Bermuda aspects of the £2bn acquisition of Airwave O2 and the £2.5bn acquisition of National Grid Wireless, including a AUS$2,225bn bank financing provided by Macquarie Bank, ABN AMRO and UBS and a AUS$725m offering of exchangeable bonds led by Macquarie Bank, ABN AMRO and UBS.
Jonathan commented "We are very pleased to have assisted on the Bermuda legal issues relating to these significant transactions. CHW advises a number of the large Macquarie infrastructure funds, including MCG, which now owns and operates the most extensive network of broadcast infrastructure in the UK and Australia. We have been the Bermuda legal adviser to MCG since its launch in July 2002 and look forward to assisting with further transactions in the future "
For further information please contact Jonathan Betts on 001 441 294 1544 or email jbetts@chw.com
Note to Editors:
* Airwave O2 is the primary provider of secure communications to the UK's emergency services.
* National Grid Wireless is a provider of telecommunications infrastructure and broadcast transmission facilities in the UK.
* The combination of Arqiva and National Grid Wireless will create the pre-eminent provider of broadcast infrastructure in the UK.
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