Morgan Stanley Infrastructure completed the acquisition of a 49.99% stake in Altice Portugal FTTH for $2.5bn.

Morgan Stanley Infrastructure, a provider of investment advisory services, completed the acquisition of a 49.99% stake in Altice Portugal FTTH, a wholesaler of FFTH in Portugal, for $2.5bn. The sale marks the latest asset disposal carried out by Altice Europe as part of its plans to cut its debts. "I am very pleased that our partnership with Morgan Stanley Infrastructure Partners, initiated in the context of our Portuguese tower transaction in 2018, now continues with a transformational fiber project," Patrick Drahi, Altice Founder.