American Tower, EQT Are Said to Consider Bids for France’s TDF

Nov. 14, 2025, 3:59 PM UTC

American Tower Corp. and European buyout firm EQT AB are among parties weighing bids for French tower company TDF Infrastructure, people with knowledge of the matter said.

First-round offers are expected around mid-November, the people said, asking not to be identified as the information is private. The sale could also attract interest from other infrastructure-focused investment firms, according to the people.

TDF’s owners, including Brookfield Asset Management Ltd., have picked BNP Paribas SA and UBS Group AGto handle the sale, Bloomberg News previously reported. A deal could value TDF at about €10 billion ($11.6 billion) including ...

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