TDF owners weigh 3.5-3.6 billion euros bids for French unit: sources - Reuters
The owners of broadcasting masts operator TDF are reviewing two bids for the group's French unit that fell short of their 4 billion euros ($5.5 billion) expectations, said several sources involved with the process, reports Reuters. The sale is important for the owners of TDF - which serves clients including television, radio and mobile phone operators - as they need to raise money to help repay a 3.8 billion euro debt burden in order to avoid a costly restructuring with creditors, the sources said. A consortium led by Canadian pension fund PSP Investments has offered 3.5 billion euros for TDF France, making it to the second round of the auction.
22 October 2013•3 mins read
