Macquarie’s next natural step is to buy Technicolor
Macquarie is a fascinating group of companies which seem to have the good old-fashioned principle of vertical integration at its heart, and watching the company’s buying strategy is like a good game of Monopoly.
With their recent purchase of National Grid Wireless (formerly the BBC’s transmitter network) they’ve bought Mayfair. They already had Park Lane (Arqiva) and with both of those blue cards they can start adding houses and hotels!
So it’s worth looking at the different bits of Macquarie and how important they’ve become to the media industry.
Macquarie Communications Infrastructure Group is majority owner of Arqiva (formerly the ITV transmitter network) and Broadcast Australia. Both run broadcasting transmission facilities.
With Red Bee and Inmedia already in their hand, Macquarie could add a third playout facility or transmitter infrastructure company and complete the set. They’ve two to choose:
VT Communications (formerly the BBC World Service international transmitter network)
Technicolor would be bursting with the same money-saving integration opportunities as NGW/Arqiva, but would mean that Macquarie would then own all the infrastructure and all the playout for the UK’s major broadcasters, potentially a real monopoly which would be frowned on.
The Times reports that Macquarie is considering purchasing the UK’s emergency radio network, Airwave (more masts and transmitters) from Telefonica.
*Update 19Apr, this is now confirmed.