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Altitude Infrastructure raises EUR 500 mln, unveils EUR 2.5 bln fibre investment plan

2020-09-17 10:27:00| Telecompaper Headlines

(Telecompaper) French fibre operator Altitude Infrastructure has announced that its subsidiary AI THD has raised EUR 500 million in equity and junior debt to fund fibre expansion and support the growth of newly acquired wholesaler Kosc. The operation consists of two transactions that should be finalised during the fourth quarter, subject to regulatory approval. A pension fund managed by the Real Assets and Private Markets division of UBS Asset Management will provide the capital raised in equity, said the company.

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