KKR acquired a stake in Altice's Telecommunication tower business for $2.1bn.

KKR acquired a stake in Altice's Telecommunication tower business for $2.1bn. With this deal the companies formed Hivory, the largest independent telecoms tower company in France and third largest European tower company. “Altice and KKR are excited about the prospects for Hivory in improving mobile connectivity in France and building the telecommunications infrastructure critical for modern society. Hivory will benefit from strong market tailwinds, as well as the sector expertise and operational resources which Altice and KKR will provide through our partnership,” Alain Weill, CEO of Altice Europe, and Vincent Policard, Member at KKR in the European Infrastructure team.