Brookfield Asset Management (NYSE: BAM) and the owners of TDF Group, the French telecommunications infrastructure provider, have retained investment banks to explore a potential sale of the company, which is valued at over $11 billion, according to ProCapitas. TDF, formerly a division of France’s telecom operator Orange (OTC: ORANY), is an independent communication infrastructure operator providing essential data services and critical infrastructure for media broadcasting and telecom operators in France.
Brookfield and its investor partners acquired TDF in 2015. Since then, Brookfield has created a built-to-suit tower program, constructed over 1,000 towers, and strengthened ties with major mobile network operators in France, establishing TDF as a preferred 5G infrastructure partner.
TDF’s portfolio includes 7,000 multi-purpose towers, rooftop sites, and over 3,100 miles of fiber infrastructure. Notable assets include radio antennas on landmarks like the Eiffel Tower.
The anticipated sale is likely to attract financial and strategic buyers interested in Europe’s telecom infrastructure. This aligns with market trends where companies are monetizing assets due to increased demand for mobile data and 5G network expansion.
By John Celentano, Inside Towers Business Editor
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