FSI acquires Digita, Omnitele assists with due diligence
For immediate release
November 26th, 2012
Omnitele, a Finnish telecom consultant company has assisted First State Investments in acquiring Digita, Finland’s leading provider of broadcast tower infrastructure. Omnitele conducted due diligence on commercial, technical and regulatory aspects of the transaction. Omnitele consultants focussed their advice in assessing the value of Digita’s technical systems, and future outlook of broadcasting business and regulatory environment in Finland.
“We are pleased to make Digita our first infrastructure investment in Finland. We chose Omnitele to assist us in due diligence and business planning because of their wide experience and expertise in the Finnish broadcasting market. Omnitele’s assistance was of great value to us”, states Mr Marcus Ayre, Head of Infrastructure Transactions at First State Investments.
“It was our privilege to assist First State Investments in this transaction. It is beneficial for the Finnish broadcasting market to see such a company with long term development interest enter it by acquiring the key players in the field”, comments Mr Karri Virkajärvi, Vice President, Head of Consulting.
For more information, please contact:
Esa Vesterinen, Vice President, Sales and Business Development, tel. +358 44 324 7668, email: email@example.com
Omnitele Ltd., founded in 1988 to set up the first GSM network in the world, is a pioneer within the wireless industry with twenty two years of leading edge network and business consulting experience worldwide. Omnitele’s strengths lie in the experience received from over 1.000 projects in 78 countries. The expertise areas of the company include Technology Strategy, Network Design and Network Quality.
About First State Investments
First State Investments is the international arm of Colonial First State Global Asset Management (‘CFSGAM’), the specialist asset management business of the Commonwealth Bank of Australia. CFSGAM is one of the largest Australian-based investment managers with offices in Sydney, Melbourne, Auckland, London, Edinburgh, Luxembourg, Paris, New York, Hong Kong, Singapore, Jakarta and Tokyo and has €118 billion in assets under management as at 30 June 2012.
First State Investments is a leading manager of, and investor in, infrastructure assets. With eighteen years’ experience in infrastructure investment, it is one of the longest established managers of infrastructure assets on behalf of institutional investors and as at 30 June 2012, managed in excess of €2 billion of equity invested across assets in the utility, transport, telecommunications and social infrastructure sectors in Australasia and Europe.
In infrastructure, First State Investments favours a long term buy and hold strategy for long-life, stable assets and pursues an active asset management philosophy in which it seeks to engage with management, employees and other stakeholders.
First State Investments has been actively expanding its presence in the European market since establishing an infrastructure investment office in the UK in 2005. In addition to Digita, the investments of First State European Diversified Infrastructure Fund include:
- Electricity North West, a regulated UK electricity distribution network;
- Anglian Water Group, a regulated UK water and wastewater business, and
- Reganosa, a regulated Spanish LNG regasification plant and gas transmission network.