TDF acquires a 70% stake in Towerco Réunion Mayotte (TORM) for nearly 31 million euros. TORM is a mobile telecoms infrastructure operator in La Réunion and Mayotte, currently owned by Telco Oi (a joint venture between the Iliad & Axian groups).
TORM currently operates 195 telecom sites, and its customers include key market players such as its historical shareholder Telco Oi. TORM benefits from a 20-year hosting contract, including the deployment of 100 additional sites over the next decade.
This acquisition is in line with the growth strategy of the TDF group, which is carrying out an ambitious telecoms infrastructure deployment program in mainland France and the French overseas territories.
Olivier Huart, Chairman and CEO of the TDF Group, commented : "We are delighted to strengthen our strategic partnership with Telco Oi, a company equally owned by the Iliad Group and the Axian Group. This acquisition will enable us to continue our growth in Overseas France. We are committed to providing the best possible service to our customers and to Telco Oi".