TORONTO, June 28, 2013 /PRNewswire/ – Ontario Teachers’ Pension Plan
(Teachers’) today announced it has completed the acquisition of
approximately 70% of three Australian telecommunications companies from
Leighton Holdings Limited (Leighton).

The acquisition of Nextgen Networks, Metronode and Infoplex values 100%
of these businesses at A$885 million. Nextgen manages high-speed,
carrier-grade fibre network services; Metronode provides data centre
and related value-added services; and Infoplex provides cloud and ICT
services.

The businesses have been brought together under a new ownership
structure and have been rebranded as the Nextgen Group. Leighton, based
in Sydney, will retain an approximately 30% ownership share in the
Nextgen Group, which will remain headquartered in Australia with
existing management remaining in place.

This transaction was led by Teachers’ Long-Term Equities group, which
focuses on direct investments with steady cash flow, growth potential
over a long-term horizon and a low to moderate level of risk.

About Teachers’
With $129.5 billion in net assets as of December 31, 2012, the Ontario
Teachers’ Pension Plan is the largest single-profession pension plan in
Canada. An independent organization, it invests the pension fund’s
assets and administers the pensions of 303,000 active and retired
teachers in Ontario. For more information, including our 2012 and
previous annual reports, visit www.otpp.com. Follow us @OtppInfo

SOURCE Ontario Teachers’ Pension Plan