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The telecoms group dismisses offer as ‘not in the best interest’ of shareholders, but the consortium argues its proposal ‘represents excellent value’.
The new financing package almost trebles the previous agreement ahead of a €1.5bn investment plan.
Kelling Group, which owns and leases equipment for rail, road and telecom maintenance, ‘benefits from capital expenditure across all critical infrastructure sectors’.
The Macquarie fund buys Warburg Pincus’s 72% stake in Inea, which owns the largest regional fibre network in the country.
More than 70 percent of the deals made by the firm’s $4bn fund III have now been invested in the telecoms and broadband sector.
The vehicle secures tie-up with local provider BBE and Chinese firm ZTE to finance fibre-optic network in Bretten.
The £35m investment in WightFibre has also been supported by the firm’s greenfield fund, its third broadband investment.
The bids come as Infratel looks to consolidate its market share via an increased stake in Indus Towers.
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