je.st
news
TDF owners enter exclusive talks to sell French operations
2014-11-13 09:11:00| Telecompaper Headlines
(Telecompaper) France's TDF has announced the start of exclusive negotiations for the sale of its assets in France to a consortium comprising APG Asset Management, Arcus Infrastructure Services, Brookfield Infrastructure and Public Sector Pension Investment Board from TDF's current shareholders, namely TPG, Ardian, BPI France Investissement and Charterhouse. The assets in question consist primarily of TDF's French activities, all of its business excluding operations in Germany. The activities subject to the negotiations have an enterprise value of approximately EUR 3.06 billion. They include over 6,690 multi-purpose towers and rooftop sites, as well as 5,000 km of fibre backbone. The APG-led consortium will be working with TDF, its current shareholders, and employee bodies to obtain authorisations regarding its offer in order to reach a definitive agreement.
Tags: enter
sell
french
owners
Category:Telecommunications