# France’s TDF explores fibre unit sale for upwards of 1 billion euros – sources Author: Pal Sinha, Barnali Author URL: https://financedigest.com/author/pal-sinha-barnali Published: 2023-07-31 Category: NEWS Category URL: https://financedigest.com/category/news Meta Title: French Telecom Firm TDF Explores Fibre Unit Sale for Over 1 Meta Description: French telecoms firm TDF is considering selling its fibre business, potentially valuing the unit at more than 1 billion euros. Get the latest news on this URL: https://financedigest.com/frances-tdf-explores-fibre-unit-sale-for-upwards-of-1-billion-euros-sourceshtml ![undefined](https://prod.superblogcdn.com/site_cuid_cm5qst7v3003gwirgwqtxn8i8/images/2023-07-31t072920z1lynxmpej6u063rtroptp4france-eiffel-1736813711644-compressed.jpg) # France’s TDF explores fibre unit sale for upwards of 1 billion euros – sources By Andres Gonzalez and Amy-Jo Crowley LONDON (Reuters) – French telecoms firm TDF is studying options for its fibre business including a sale, four people familiar with the matter told Reuters, in a deal that could value the fibre unit upwards of 1 billion euros. TDF, backed by Canada’s Brookfield Asset Management among others, has drafted in bankers at BNP Paribas to start the sale process in October, the people said, speaking on condition of anonymity. The sellers are looking for as much as 1.3 [billion to 1.6 billion euros for the fibre unit](https://www.financedigest.com/australias-united-malt-agrees-to-1-billion-takeover-offer-from-frances-invivo.html "Australia’s United Malt agrees to billion takeover offer from France’s InVivo"), according to one of the people, a price that buyers may find difficult to swallow. TDF, BNP Paribas and Brookfield declined to comment. TDF – a former unit of France’s leading telecoms operator Orange – provides broadcasting, fibre and telecoms infrastructure with some of its radio antennas sitting on top of the Eiffel Tower in Paris. The sale comes amid a wave of telecom infrastructure deals in Europe, as investors seek to capitalize on growing demand of digital services. In April, Brookfield paused the sale of its 45% stake in TDF to Sweden’s EQT Partners in a deal that could have valued the group at 8 [billion](https://www.financedigest.com/agnelli-familys-exor-buys-2-8-billion-stake-in-philips.html "Agnelli family’s Exor buys .8 billion stake in Philips") euros or more, according to Les Echos. Three other investment firms – PSP Investments, APG Asset Management NV and Arcus Infrastructure Partners – control a combined 45% stake while [Credit Agricole](https://www.financedigest.com/credit-agricole-beats-estimates-on-insurance-consumer-finance.html "Credit Agricole beats estimates on insurance, consumer finance") Assurances (CAA) owns the remaining 10%. CAA declined to comment, while the other investors did not respond immediately to requests for comment. The fibre unit’s EbitdaAL, which deducts the cost of the leases from EBITDA, reached 28.7 million euros last year up from 21.6 million euros a year earlier, while revenues grew 42.8% to 52 million euros, according to TDF’s latest annual results. Two of the sources said the fibre unit’s valuation will depend on the number of homes connected to fibre, market penetration and growth rate. (Reporting by Andres Gonzalez and Amy-Jo Crowley; editing by Jonathan Oatis) --- This blog is powered by Superblog. Visit https://superblog.ai to know more. ---