TDF, Banque des Territoires and CVC DIF announce the completion of the acquisition by CVC DIF of 100% of TDF’s Fibre business.
TDF Fibre operates four public initiative networks through concessions (Val d’Oise Fibre, Val de Loire Fibre, Anjou Fibre and Faucigny Glières Fibre) and one wholly owned network (Yvelines Fibre). Ownership of TDF Fibre was divided between TDF SAS (79.5%) and Banque des Territoires, Caisse des Dépôts Group (20.5%).
TDF Fibre benefits from a well-known expertise in the operation of high broadband networks, being considered as best-in-class in France in terms of quality of service, according to a recent observatory from ARCEP. The investment from CVC DIF will allow the company to continue leveraging its skills for the benefits of local authorities, end users and businesses. TDF Fibre will also be able to pursue additional growth opportunities in existing and new territories. Over this transition period, TDF will will provide operational support to TDF Fibre, notably through the provision of network supervision services.