Altice creates two new European towercos
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Altice creates two new European towercos

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Altice partners up with investors to create new towercos in France and Portugal

In Q118, following a rocky final few months of 2017, Altice restructured and shortly after announced its intention to sell ~10,000 towers in France and ~3,000 towers in Portugal, as well as divesting their tower assets in the Dominican Republic. Suitors including towercos and investors lined up to take a look at the assets, and Altice was hopeful of raising around €3bn from the sale of its European assets. In June 2018 the outcome of the process was revealed: not the divestment of the full portfolios, but partnerships with investors and the creation of two new special purpose vehicles, allowing Altice to pay down their debt pile but also to consolidate the EBITDA of the assets.


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