DIF Capital Partners, a private equity firm, offered to acquire TDF Fibre, a French fibre business, from telecoms firm TDF and financial services company La Banque des Territoires, in a c. €1bn deal. DIF Capital Partners is negotiating to invest in TDF Group’s fibre business by acquiring the entire share capital in (i) TDF Fibre and (ii) Lumière Fibre, a newly incorporated vehicle entirely held by TDF and to which TDF is expected to contribute its engineering, maintenance, fibre roll-out and construction services business units. Following the planned transaction, the TDF Group will continue to support TDF Fibre, particularly in terms of network supervision.