Franklin advises Altice for the sale of stakes in its French and Portuguese telecom tower business

Altice Europe has entered into exclusive negotiations with the US investment fund KKR for 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.


On the same day, 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 teams of Franklin have advised on both deals:


·         Christian Sauer, Partner, Pierre Faure and Paul Ast, associates, M&A-corporate department ;

·         Julie Catala Marty, Partner and Rémi Beydon, associate advised on Antitrust aspects ;

·         Magali Masson, Partner in Franklin’s M&A-corporate department advised on the Portuguese deal alongside Portuguese firm Vieira de Almeida & Associados.


Altice Europe was also advised by:

·         On financing aspects: Ropes & Gray (London) with Michael Kazakevich (Partner), Aditya Khanna (Counsel) and Ana Biloglav ;

·         On Tax: Mayer Brown in Paris with Lorent Borey (Partner), Nicolas Danan and Louis Nayberg ;

·         J.P. Morgan et Lazard.

About Franklin

Based in Paris, Franklin is a market-leading independent law firm, working with clients in France and around the world.   The firm’s lawyers focus on all of the key areas of commercial law.  Clients benefit from the strengths of 80 practitioners, including 20 Partners.   We offer specialist counsel in corporate/M&A; private equity; banking & finance; corporate taxation; private client; real estate; competition & distribution; employment; public law; compliance; digital & network law; data protection; disputes; and environmental law.