Ropes & Gray has advised Altice Europe on the financing aspects of its sale of equity stakes in its telecommunication tower businesses in France and Portugal for a total cash consideration of €2.5bn.
The deal involves Altice Europe entering into exclusive negotiations with the US investment fund KKR on the sale of a 49.99% stake in its to-be-formed French tower company, which will group its 1,200 tower sites in France and valued at €3.6bn. Simultaneously, Altice Europe has entered into an agreement with a consortium composed of Morgan Stanley Infrastructure and Horizon Equity Partners for the sale of 75% stake of its newly formed Portuguese tower company, with a portfolio of 2,961 tower sites and valued at €660 million.
The Ropes & Gray team was led by finance partner Michael Kazakevichand associate Ana Biloglav, both based in London.
Franklin advised Altice on the M&A aspects of both deals.
Attorneys
Stay Up To Date with Ropes & Gray
Ropes & Gray attorneys provide timely analysis on legal developments, court decisions and changes in legislation and regulations.
Stay in the loop with all things Ropes & Gray, and find out more about our people, culture, initiatives and everything that’s happening.
We regularly notify our clients and contacts of significant legal developments, news, webinars and teleconferences that affect their industries.