TDF Owners Said to Mull €1 Billion Broadcast Tower Unit Sale (1)

The owners of French tower company TDF Infrastructure is weighing a sale of the broadcast tower unit after deciding to hold off a divestment of the entire business, according to people familiar with the matter.

TDF’s owners, including Brookfield Asset Management Ltd., is seeking a valuation of about €1 billion ($1.2 billion) for the broadcast tower business, the people said. A formal process could start next year and the asset could attract infrastructure funds, said the people, who asked not to be identified as the information is private.

Considerations are preliminary and TDF’s owners could still decide against any ...