Infratil serves up an unseasoned dish
ANALYSIS: Risks of its planned subsea cable joint venture with a Chinese partner support the view some of the investment company’s valuations should be taken with a pinch of discount.
Infratil’s joint venture partner is part-owned by the Chinese government, which is a problem in the subsea cable business.
Presented to analysts the way a chef might present a perfect soufflé, Infratil’s latest investment deal appeared a concoction of quality ingredients.
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