In this work, basic characteristics of transmission line employing periodically perforated ground metal (PPGM) were investigated using theoretical and experimental analysis. Concretely, bandwidth and impedance were investigated using theoretical analysis, and wavelength and effective permittivity were extracted from experimental results. In addition, insertion loss and isolation characteristics were investigated using equivalent circuit analysis. For simplification of design process, equivalent circuits for the PPGM cell were extracted, and all circuit parameters were expressed by closed-form equation. Above results indicate that the transmission line employing PPGM is a promising candidate for a development of matching and passive elements on monolithic microwave integrated circuit (MMIC) including wireless communication circuit and compound semiconducting devices such as high electron mobility transistor (HEMT), diamond field effect transistor (FET) and light emitting diode (LED).