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HICL Infrastructure PLC - London-based infrastructure investment firm - Makes its first fibre broadband investment with the acquisition of a 55% shareholding in ADTIM SAS from DIF Capital Partners from its DIF CIF I fund. Does not disclose the purchase price. Says the investment will be funded from its existing credit facilities. Expects the transaction to be completed in the third quarter of this year, following third party consent.
ADTIM is a wholesale fibre network providing low-density areas in the south of France with 18,300 kilometers of fibre to the home broadband infrastructure. It is operated by Axione, a subsidiary of Bouygues Energies & Services, which belongs to Bouygues SA.
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