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Wireless

TDF acquires 70% stake in TORM tower company from Telco Oi

Wednesday 2 June 2021 | 15:13 CET | News
French infrastructure operator TDF has become the majority stakeholder in TORM, the company grouping the tower assets of Telco Oi in Reunion and Mayotte, reports Next Finance. A 50/50 joint venture between Axian Group (previously Hiridjee Group) and Iliad, Telco Oi will receive close to EUR 31 million for a 70 percent stake in TORM. The latter serves all main players in Reunion and Mayotte, including Telco Oi, managing a footprint of 195 cell sites. This should expand by an additional 100 sites over the next decade.

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Categories: Mobile & Wireless / Mobile & Wireless
Companies: Groupe Axian / Iliad / TDF
Countries: France / Mayotte / Reunion
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