Carlyle Group is looking to sell the fibre and telecom equipment supplier Euro Techno Com (ETC).
According to Les Echos, quoting unnamed sources, three funds have been selected to submit bids for ETC, which is headquartered in France and has 13,000 customers in 14 countries, with most located in the US.
It adds that Goldman Sachs has been chosen to carry out the sale process and that Carlyle Group is seeking €1.7 billion – €2 billion, or 10-12 times ETC’s projected EBITDA for this year.
Carlyle Group acquired ETC, which has extensive expertise in broadband fibre networks (FTTH and HFC), in 2019.
