Shareholders of Taiwan Broadband Communications (TBC), one of Taiwan’s leading cable operators, are planning to offload 49 per cent stake in TBC.

Shareholders of Taiwan Broadband Communications (TBC), one of Taiwan’s leading cable operators, are planning to offload 49 per cent stake in TBC. Australian investment and banking group Macquarie owns 80 per cent of TBC through its subsidiaries, Macquarie Korea Opportunities Fund (MKOF), which has a 60 per cent stake in TBC, and Macquarie International Infrastructure Fund (MIIF), which has a 20 per cent stake. The remaining 20 per cent is owned by London-based Intermediate Capital Group (ICG). MIIF and ICG are reportedly looking to offload their shares, while MKOF is willing to sell up to 9 per cent. In June 2008, MKOF bought 60 per cent stake in TBC from Macquarie Media Fund in a deal worth $273 million.