France’s Free attracts investor interest for potential tower carve-out — report

Cameron Page2026-01-30T18:46:00

Source: Unsplash / Anthony Choren

Iliad-owned telco reportedly exploring the creation of a 50:50 tower joint venture, with build-to-suit covering “several thousand” new towers. Cellnex and Phoenix Tower International among those said to have shown early interest…

This article includes:

Organisations: American Tower France; Antin Infrastructure Partners; Ardian; Bouygues Telecom; Cellnex France; Cellnex Group; Free Mobile; Iliad; Infracos; Infinity; Nemrod; Orange; Phoenix Tower International (PTI); SFR; TDF; TOTEM.
Geographies: Europe; France; Spain.
Themes: 4G; 5G; Asset management; Build-to-suit; Divestment; Infrastructure; Investment; Joint ventures; Mergers and acquisitions (M&A); Masts; Mobile coverage; Network sharing; Spin-out; Towers; Tower carve-out; Wireless infra.

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