Αρχική iptv-news TDF cancels sale

TDF cancels sale

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The backers of TDF have cancelled the company’s proposed sale because of a lack of attractive offers.

Les Echos reported Monday that bids for the transmission company had fallen short of the €6 million. It leaves Brookfield Canadian Fund sitting on its 45% holding.

Earlier this year, Morgan Stanley and BNP Paribas began the sales process with a view to bids being put forward. According to the financial daily, the Blackstone Infrastructure Fund, associated with US investment firms Digital Bridge and Digital Colony, specialising in new generations of telecom and digital assets.

In March, Spanish infrastructure company Cellnex was linked to a €5 million offer.

But Les Echos reports there to have been bids from Blackstone Infrastructure Fund, and US investment firms Digital Bridge and Digital Colony.

Media observers suggest the price has been hit by the enthusiasm for 5G and the prospect of the next generation platform taking UHF capacity currently used for television distribution.

TDF has approximately 13,900 sites, of which about half are television and the rest of mobile communications.

47% of its business comes from telecommunications, 26% from TV and 17% from radio.



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