According to the Financial Times, Orange is preparing to split its mobile tower business, the pylons where 3G/4G equipment for mobile phone use is installed, into a separate entity. This could be a prelude to a partial or total sale later on. A new entity that can be valued between €8 and €10.3 billion. Stéphane Richard's group has the largest number of antennas in France (15,000 in total), and one of the largest in Europe (59,000 antennas on the Old Continent, in Africa and in the Middle East).
Orange will inform about its projects during its investor day scheduled for December 4, according to sources in the Financial Times. Its CEO stated last May that "the current appetite for infrastructure funds clearly reveals the intrinsic value of telecom networks". The French operator must ask itself the question of "maximizing the value" of its infrastructure, he said at the time.
This type of split and sale is a cash movement of telecom operators in search of cash. Last August, Free sold 70% of Iliad Tower Co. In 2018, SFR (Altice) partially sold SFR TowerCo while Bouygues Telecom initiated the movement in 2016 with two disposals for a total amount of 700 million euros.
Source : BFM Business