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TDF acquires a 70% stake in Towerco Réunion Mayotte (TORM) for approximately €31 million. TORM is a telecommunications tower company, based in the French departments of La Réunion and Mayotte, currently owned by Telco OI (a joint company owned by Iliad and Axian groups).

In line with its CSR pledges, TDF will install solar photovoltaic panels at a hundred telecoms sites in 2021, striving to cut annual energy consumption representing 45 tons of CO2 emissions.

TDF Infrastructure S.A.S. announces today that it has successfully signed a syndicated €300 Million acquisition and capex facility.

As part of its organic growth strategy, the Group is undergoing an ambitious program to roll out telecom infrastructure in France and this facility will be primarily directed to fund this capex plan. In addition, the loan will be used to finance potential M&A activity.

Revenue growth boosted by telecoms and fiber businesses, and ongoing capital expenditure 

In 2020, TDF Group posted:
– €687.2 million revenues – up 4.9% like-for-like fueled by mobile and fiber network rollout
– Capital expenditure up 15.3% to €352.7 million, representing 51.3% of revenues
– Increased output capacity – 260 000 FttH plugs built or in progress and 300 further telecoms masts erected in 2020
– €389.4 million adjusted EBITDA, up 5.9%

TDF Infrastructure announces that Fitch Ratings assigned its parent company Tivana France Holdings an investment grade credit rating of BBB- with a stable outlook. The rating, according to Fitch, highlights TDF’s high-growth mission-critical tower and fiber infrastructure businesses as well as its leadership in broadcasting.