French towerco Itas Tim has completed the purchase of OneCast, a local provider of DTT multiplex broadcasting services.
French media group TF1, the owner of OneCast, confirmed the information in a brief statement without elaborating on financial…
French towerco Itas Tim has completed the purchase of OneCast, a local provider of DTT multiplex broadcasting services.
French media group TF1, the owner of OneCast, confirmed the information in a brief statement without elaborating on financial details.
TelecomFinance understands that Lazard was M&A adviser on the transaction while Macquarie and Tikehau IM were Itas Tim’s’ financial advisers.
In early September, Itas Tim and TF1 revealed they were in exclusive negotiations over OneCast.
The deal enables Itas Tim, which currently has over 380 stations in France, to become the country’s second-largest broadcast tower company.