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3i Infrastructure among ten bidders for Antin's FPS Towers- sources

Mon, 24th Oct 2016 14:17

By Sophie Sassard and Gwénaëlle Barzic

LONDON/PARIS, Oct 24 (Reuters) - 3i Infrastructure has bid for French telecoms masts FPS Towers worth up to 1billion euros on Friday's deadline for non-binding offers, asthe fund seeks to build its UK business Wireless InfrastructureGroup (WIG) into a European platform, a spokesperson for 3iInfrastructure said.

American Tower Corp, Spain's Cellnex arealso among around ten bidders for FPS Towers, several sourcesfamiliar with the situation said.

The deal could help owner Antin Infrastructure Partners,which is working with financial adviser JP Morgan, raise up to 1billion euros ($1.09 billion), said the sources who asked not tobe named because the talks are private.

Antin Infrastructure, Cellnex, JP Morgan were notimmediately available for comment while American Tower Corp andTDF declined to comment. (Reporting by Sophie Sassard in London and Gwenaelle Barzic inParis; editing by Dasha Afanasieva in London)

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