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The Tetra network, designed, built and operated by Airwave, provides a secure, digital radio-communication system for the emergency and public-safety services. The network claims to cover more than 99% of mainland Britain and says more than 300 public-service organisations rely on it. Commissioned by the 2012 Olympic Games in London, the firm will provide secure coverage for more than 12,500 event organisers at all venues. In 2007 Macquarie paid Telefonica £1.9 billion for Airwave. In 2009, the Macquarie fund MCG, which owned 50% of the firm, was then acquired by Canadian Pension Plan. Under chief executive Richard Bobbett, sales reached £380.1m in 2009.

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Company details
CompanyAirwave Solutions
ActivityCritical communications provider
Sales £m380.1
Operating profit £m29.4
Main shareholdersMacquarie European infrastructure fund (50%), Canadian pension plan (50%)

If applicable:

* supplied by Company   † annualised figure   ‡  profit = ebitda