Altice Europe has closed the sale of a 75% stake in the newly formed Tower of Portugal to a consortium including Morgan Stanley Infrastructure Partners and Horizon Equity Partners.
Towers of Portugal comprises 2,961 sites formerly operated by its subsidiary Meo – Serviços de Comunicações e Multimédia.
In June Altice Europe and its subsidiary Altice France entered into an exclusivity agreement, and its subsidiary PT Portugal agreed to sell equity stakes in their tower businesses in France and Portugal for a total of €2.5 billion in cash.
The transaction would see Altice Europe create one of the largest tower companies in Europe, and the largest in France.
