Altice Portugal fibre network attracts up to 7 bidders - report

News Broadband Portugal 27 FEB 2019
Altice Portugal fibre network attracts up to 7 bidders - report
Brookfield Asset Management, Canada Pension Plan Investment Board, KKR and Macquarie Group are eyeing a stake in Altice Europe's Portuguese fibre network, sources familiar with the matter told Bloomberg. They also added that Morgan Stanley's infrastructure investment arm and Blackstone Group, as well as Spanish infrastructure company Cellnex Telecom could take a look. 

Altice Europe is seeking a valuation of EUR 5 billion or more for the business, while bidders estimate the stake could be worth between EUR 3.5 billion to EUR 4 billion. The company may ask for formal bids as soon as next month, though it hasn't yet decided how big of a stake to sell.

Categories:

Fixed

Companies:

Altice Europe,  Cellnex

Countries:

Portugal

Tags:

Fibre, M&A buyouts & divestments

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