Thursday, March 09, 2006

Taiwan Cable Industry Consolidation?

Following Macquarie Media Group's, (20%-owned by Macquarie Bank Ltd. (MBL.AU)) purchase of a controlling stake in Taiwan Broadband Communications for US$886 million - is Eastern Multimedia Co next?

TBC is one of Taiwan's four largest cable operators while Eastern Multimedia is Taiwan's second-largest cable service provider with 1.06 million household subscribers, 40,000 of which are digital cable subscribers.

Press reports in Taiwan have speculated that US-based Liberty Media Corp. (L) may have interest.

[Editor - Any comments?]

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