(Bloomberg) -- Macquarie Bank Ltd. agreed to buy the U.K.'s police and emergency services radio network from Telefonica SA for 1.9 billion pounds ($3.8 billion), gaining a business that's forecast to increase sales by as much as 30 percent this year.
Two funds managed by the Sydney-based bank will each own 50 percent of Airwave 02 Ltd., they said in a statement today. Macquarie is the world's largest private manager of infrastructure such as roads, airports and parking lots.
Read more at Bloomberg Currencies News
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