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New Deal


Announced

Completed

TDF completed the acquisition of a 70% stake in Towerco Réunion Mayotte from Iliad and Axian for €31m.

Financials

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Transaction Value£26m
Consideration TypeCash
Capital Owned-
Capital Bid For70%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Single Bidder

France

Domestic

Friendly

Completed

Private

Telecommunications infrastructure

telecommunications infrastructure

Acquisition

Majority

Synopsis

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TDF, a French company which provides radio and television transmission services, services for telecommunications operators, and other multimedia services, completed the acquisition of a 70% stake in Towerco Réunion Mayotte, which currently operates 195 sites for its customers which are key actors of the telecommunication industry, from Iliad, a French provider of telecommunication services, and Axian, a pan-African group that specializes in 5 business sectors, for €31m. "We are delighted to reinforce our strategic partnership with Telco Oi, a company jointly owned by the Iliad group and the Axian group and to expand our presence in French overseas. We strive to deliver the best possible services to our clients and Telco Oi," Olivier Huart, TDF Group CEO.

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