Global infrastructure fund manager DIF Capital Partners is in talks to acquire the fibre business of French telecommunications firm TDF.

DIF said it has entered into exclusive negotiations with TDF and La Banque des Territoires which own 79.5% and 20.5%, respectively, of TDF Fibre, to acquire the infrastructure and digital networks operator. 

DIF, which will be investing via its DIF Infrastructure VII fund, said a deal will involve buying the entire share capital in TDF Fibre and Lumière Fibre, a newly incorporated vehicle entirely held by TDF. Telecommunications firm TDF is expected to contribute its engineering, maintenance, fibre roll-out and construction services business units to the new vehicle.

TDF Fibre owns public-initiative networks Val d’Oise Fibre, Val de Loire Fibre, Anjou Fibre and Faucigny Glières Fibre under concession agreements, and one wholly-owned network, Yvelines Fibre.

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