By Financial Review
One of Canada’s biggest fund managers, the Ontario Teachers’ Pension Plan, is set to ramp up spending in Australia as part of a push to build submarine cables for remote mining projects and data centres in capital cities.
The retirement fund, which has $138 billion worth of assets under management, bought 70 per cent of Nextgen Networks from Leighton Holdings in February 2013 in a deal that valued the company at $885 million.
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