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Altice Portugal sets the bar for European fiber with 49% sell out

For the second time in the space of a year, European telco powerhouse Altice has sold a chunk of valuable fiber infrastructure. Altice Portugal (aka Meo) is the latest division to secure investment – inking an agreement with Morgan Stanley Infrastructure Partners to sell 49.99% of the fiber arm for €2.3 billion after months of deliberations. The significance is that almost 2/3 of the Portuguese population have access to gigabit-capable fiber – miles ahead of Europe’s biggest economies. The Portuguese FTTH project is decidedly similar to Altice’s French FTTH sale from late 2018, which involved selling a 49.99% stake in SFR FTTH to a trio of infrastructure investors. Altice claims the Portuguese deal with Morgan Stanley marks the first time…

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