TDF Infrastructure Owners Select Banks for €10 Billion Sale Amid Recent Reorganization

Wednesday, Jun 11, 2025 6:43 am ET1min read

The owners of French towers company TDF Infrastructure, including Brookfield Asset Management, have selected banks to help arrange a potential sale of the company, which could value TDF at around €10 billion including debt. BNP Paribas and UBS are working on preparations for the sale, which could start as soon as Q4 2023. TDF handles mobile, radio, and TV transmissions from 22,000 points of presence across France and its overseas territories.

The owners of French towers company TDF Infrastructure, including Brookfield Asset Management, have selected banks to help arrange a potential sale of the company, which could value TDF at around €10 billion including debt [3]. BNP Paribas and UBS are working on preparations for the sale, which could start as soon as Q4 2023. TDF handles mobile, radio, and TV transmissions from 22,000 points of presence across France and its overseas territories.

The sale process could begin soon, with BNP Paribas and UBS leading the effort. The company's total revenue was about €799 million in 2024, and its new Chief Executive Officer Karim El Naggar has reorganized operations into three units: towers, broadcast, and connectivity and edge, focusing on new businesses like private mobile networks.

TDF owners have previously attempted to sell the company, with Brookfield's stake being stalled in 2023 due to lack of interest [3]. The company has been a significant player in the European telecom infrastructure market, handling transmissions from key points across France and its territories.

Investors have been increasingly interested in European investment opportunities due to the region's relative economic stability compared to the U.S. Blackstone Inc. and Apollo Global Management Inc. have both expressed plans to invest billions in Europe over the next decade, highlighting the region's potential [3].

References:

[1] https://www.telcotitans.com/4g-lte-45g/124.subject
[2] https://www.tradingview.com/news/gurufocus:e7fcd3d88094b:0-openai-breaks-10-billion-arr-mark/
[3] https://www.bloomberg.com/news/articles/2025-06-11/tower-firm-tdf-s-owners-said-to-pick-banks-for-10-billion-sale

TDF Infrastructure Owners Select Banks for €10 Billion Sale Amid Recent Reorganization

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