Airwave (communications network)
Airwave is a private communications network for
England, Scotlandand Wales. It can be used by the emergency services. Airwave is based on TETRAand is operated by Guardian Digital Communications.
It is a secure digital, encrypted network and can be used for voice and data transmission. [cite news | title = Motorola TETRA PDA Will be Based on Windows Mobile | url = http://www.geekzone.co.nz/content.asp?contentid=5542]
2006-12-07" The Times" reported that O2 was "to review the options for the business" and could be worth £2 billion. [cite news | first = Elizabeth| last = Judge| title = Airwave set to be sold for £2bn as O2 reviews options | url = http://business.timesonline.co.uk/article/0,,9076-2491237,00.html | work = The Times | publisher = Times Newspapers Ltd. | date = 2006-12-07 | accessdate = 2006-12-07] On 18th April 2007 Airwave was sold to Guardian Digital Communications, a new company wholly owned by two Macquarie Bank-managed funds, Macquarie Communications Infrastructure Group (MCG) and Macquarie European Investment Fund II (MEIF II) for £1.9 billion.
Immediately following the announcement of the completion of the sale, the company announced the end of the final salary pension scheme for employees. [cite news | title = Union Condemns 02 and Macquarie over Pensions Fiasco at Airwave | url = http://www.cwu.org/news.asp?step=3&NID=1684] Additionally, The
Office of Fair Tradingconsidered referring the acquisition to the Competition Commission, but decided against it. [cite news | title = Completed acquisition by Macquarie of Airwave Safety Communications limited | url = http://www.oft.gov.uk/advice_and_resources/resource_base/Mergers_home/decisions/2007/Macquarie3]
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