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American Tower, KKR Are Bidders for Altice's Towers

  • Assets could be valued at about 3 billion euros in a sale
  • TDF, buyout firms also among potential bidders for the assets
Slim's Telesites Spinoff Plan Is Challenge to American Tower

Photographer: Susana Gonzalez/Bloomberg

American Tower Corp. and private equity firm KKR & Co. are among bidders for Altice NV’s telecommunications towers, which could be valued at about 3 billion euros ($3.7 billion), people with knowledge of the matter said.

Other companies including infrastructure operator TDF as well as private equity firms have expressed interest in all or parts of the businesses in France, Portugal and the Dominican Republic after billionaire Patrick Drahi’s carrier sent out bid invitations in February, said the people, asking not to be named as the details aren’t public. Altice is considering setting up a new company for the assets and selling stakes in it to the winning bidders, they said.