22.06.2018Christian Sauer, Jean-Philippe Minaud, Jean-Pierre Delvigne, Julie Catala Marty, Magali Masson, Paul Ast, Pierre Faure, Rémi Beydon

Franklin advises Altice for the sale of stakes in its French and Portuguese telecom tower business

Altice Europe has entered into exclusive negotiations with the US investment fund KKR for the sale of a 49.99% stake in its to be formed French tower company, which will group its 1,200 tower sites in France and valued at €3.6bn.

On the same day, Altice Europe has entered into an agreement with a consortium composed of Morgan Stanley Infrastructure and Horizon Equity Partners for the sale of 75% stake of its newly formed Portuguese tower company, with a portfolio of 2,961 tower sites and valued at €660 million.

The teams of Franklin have advised on both deals:

Altice Europe was also advised by:

  • On financing aspects: Ropes & Gray (London) with Michael Kazakevich (Partner), Aditya Khanna (Counsel) and Ana Biloglav ;
  • On Tax: Mayer Brown in Paris with Lorent Borey (Partner), Nicolas Danan and Louis Nayberg ;
  • J.P. Morgan et Lazard.