The flotation of telecoms tower company TDF has resurfaced with one investor saying this was one of the options currently being explored, according to media reports.
Jean-Yves Gilet, the director-general of sovereign fund FSI, which holds 24% of the…
The flotation of telecoms tower company TDF has resurfaced with one investor saying this was one of the options currently being explored, according to media reports.
Jean-Yves Gilet, the director-general of sovereign fund FSI, which holds 24% of the tower company, was quoted saying that an IPO was among the options being discussed with banks as a means to cutting the company’s debt.
A source told TelecomFinance that before an IPO could be envisaged, the company needed to reduce the amount of its debt, which is reportedly E4.2bn.
TDF’s owners are reportedly valuing the company at up to E8.5bn.
TPG holds 42% of TDF, while AXA Private Equity holds 18% and Charterhouse Capital Partners 14%.
