TDF to invest up to 20% of revenue, plans telecom expansion

Friday 21 November 2014 | 11:18 CET | News
French broadcast services provider and telecom mast operator TDF will continue to invest 17-20 percent of its turnover every year over the next five years, representing EUR 120 million to EUR 140 million of annual investment, CEO Olivier Huart told Les Echos. The company's debt will be divided by nearly a third thanks to a buyout offer backed by four investment funds. Around 40 percent of the investment will be in telecom. The company aims to complete LTE coverage to 99 percent of the population from 50 percent at present, and to prepare for 5G in 2020. More masts will be required to provide

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Categories: Broadcast & Satellite / Mobile & Wireless
Companies: TDF
Countries: France
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