ATC Europe acquires FPS Towers in France

Tuesday 20 December 2016 | 09:57 CET | News
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American Tower Corporation and Dutch pension fund manager PGGM have entered into a definitive agreement with private equity firm Antin Infrastructure Partners to acquire FPS Towers through their new joint venture ATC Europe, created in October. The deal covers 100 percent of the outstanding shares of FPS Towers for a total consideration of EUR 697 million. American Tower and PGGM expect to fund the equity portion of the transaction proportionally to their interests in the joint venture, while American Tower expects to fund the debt portion. The transaction is expected to close in the first

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Categories: Mobile & Wireless
Companies: American Tower / ATC Europe
Countries: France
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