31.07.2018Christian Sauer, Pierre Faure

Franklin advises Altice Group for the sale of its telecom tower business in the Dominican Republic

Altice Dominicana, a subsidiary of Altice Europe N.V., has entered into an agreement with Phoenix Tower International – a portfolio company of US investment fund Blackstone – for the sale of its future Towerco in the Dominican Republic.

The sale comprises a portfolio of 1,049 sites operated by Altice Dominicana, valued at USD 170 million. The transaction is expected to close in Q3 2018.

 Franklin partner Christian Sauer, assisted by associate Pierre Faure (M&A-corporate department) advised Altice.

 Altice Europe is also advised by:

·         Ropes & Gray in London, with partner Michael Kazakevich, counsel Aditya Khanna and associate Ana Biloglav advising on financing;

·         OMG and Ernst & Young in the Dominican Republic.