Announced
Completed
Financials
Tags
Majority
Completed
Private
Infrastructure
telecommunications towers
Acquisition
Private Equity
Friendly
Portugal
Telecommunications infrastructure
Single Bidder
Synopsis
Morgan Stanley, Horizon Equity Partners and Infrastrutture Wireless Italiane completed the acquisition of a 75% stake in the newly formed tower company “Towers of Portugal”, which comprises 2,961 sites formerly operated by its subsidiary MEO – Serviços de Comunicações e Multimédia, from Altice Europe, a French multinational telecommunications corporation, for €495m. “I am enthusiastic about creating new tower partnerships in France and Portugal. With KKR, Morgan Stanley Infrastructure Partners and Horizon Equity Partners, we have found long-term partners of the highest-quality who share our vision to invest in leading infrastructure and growth opportunities," Patrick Drahi, Altice Founder.
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