French telecoms firm TDF has drafted in bankers at BNP Paribas to start the sale process in October, the sources said, speaking on condition of anonymity
French telecoms firm TDF is studying options for its fibre business including a sale, four people familiar with the matter told Reuters, in a deal that could value the fibre unit upwards of €1-billion.among others, has drafted in bankers at BNP Paribas to start the sale process in October, the people said, speaking on condition of anonymity.
The sale comes amid a wave of telecom infrastructure deals in Europe, as investors seek to capitalize on growing demand of digital services. Three other investment firms – PSP Investments, APG Asset Management NV and Arcus Infrastructure Partners – control a combined 45 per cent stake while Credit Agricole Assurances owns the remaining 10 per cent. CAA declined to comment, while the other investors did not respond immediately to requests for comment.
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