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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Morgan Stanley | NYSE:MS | NYSE | Common Stock |
| Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|
| 0.5319 | 0.57% | 94.1719 | 94.91 | 93.70 | 94.56 | 2,541,612 | 18:49:35 |
From May 2019 to May 2024
By Nathan Allen
Altice Europe NV (ATC.AE) said Wednesday that its subsidiaries in France and Portugal have agreed to sell stakes in their tower businesses for 2.5 billion euros ($2.89 billion).
Under the terms of the deal, both subsidiaries will create separate tower companies before selling off stakes, Altice said.
Altice France will create a new company known as SFR TowerCo, then sell a 49.99% stake to KKR & Co. LP (KKR), the company said.
Altice said its subsidiary will create a new company in Portugal to be named Towers of Portugal, then sell a 75% stake to a consortium including Morgan Stanley Infrastructure Partners and Horizon Equity Partners.
"Both tower businesses will be uniquely positioned to grow as they provide increasingly important infrastructure services to operators in both markets," Altice's founder Patrick Drahi said in a statement.
Write to Nathan Allen at nathan.allen@dowjones.com
(END) Dow Jones Newswires
June 20, 2018 12:10 ET (16:10 GMT)
Copyright (c) 2018 Dow Jones & Company, Inc.
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