Altice Europe Enters Into an agreement to promote Its Telecommunication Towers company within the Dominican Republic

news and analysis earlier than you hear about it on CNBC and others. claim your 2-week free trial to StreetInsider premium here.AMSTERDAM–enterprise WIRE– Regulatory information:

Altice Europe N.V. Euronext ATC, ATCB “Altice Europe” pronounces these days its subsidiary Altice Dominicana has reached an settlement with Phoenix Tower foreign, a portfolio enterprise of Blackstone, for the sale of a hundred% within the tower enterprise Teletorres del Caribe with a purpose to include 1.”049 sites currently operated with the aid of Altice Dominicana. The transaction values Teletorres del Caribe at an business value of $a hundred and seventy million.

along with the pondered transaction, Altice Dominicana will enter right into a 20-yr Judi bola master settlement with Teletorres del Caribe, environment a transparent partnership framework between both organizations. Teletorres del Caribe has dedicated to support Altice Dominicana in the persevered deployment of its community.

Altice Dominicana will pursue its lengthy-term industrial task and continue offering most useful-in-class telecommunication services to its subscribers, as a part of the Altice group.

The transaction is anticipated to close all over Q3 2018 and is area to the valuable de-merger and typical closing conditions.

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BNP Paribas and Goldman Sachs acted as monetary advisors to Altice Europe. Franklin and OMG acted as prison guide to Altice Europe.Choate, hall & Stewart LLP and OGC Abogados acted as prison information for Phoenix Tower overseas. Scotiabank acted as sole fiscal consultant to Phoenix Tower overseas.

Regulated advice

This press unencumber includes inner information within the which means of Article 71 of the eu Market Abuse rules

About Altice Europe

Altice Europe ATC & ATCB, listed on Euronext Amsterdam, is a convergent chief in telecoms, content, media, enjoyment and promoting. Altice can provide imaginative, customer-centric products and solutions that join and unencumber the limitless abilities of its over 30 million purchasers over fiber networks and mobile broadband. Altice is additionally a issuer of enterprise digital options to hundreds of thousands of enterprise purchasers. The enterprise innovates with technology, research and building and allows individuals to live out their passions by providing common content, exceptional and compelling tv indicates, and foreign, national and local news channels. Altice provides reside broadcast top rate sports hobbies and enables its clients to enjoy the most ordinary media and enjoyment.

Head of Investor members of the family Altice Europe Coralie Durbec: +forty one seventy nine 913 0429coralie.durbecalticeorHead of Communications Altice Europe Arthur Dreyfuss: +forty one 79 946 4931arthur.dreyfussaltice.internet

 

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