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.
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.