American Tower (AMT) Eyes Expansion in France with Bid for TDF Infrastructure

American Tower (AMT), a communications infrastructure REIT, has emerged as a potential bidder for France's TDF Infrastructure, according to a Financial Times report. The MOVE signals AMT's ambition to bolster its European footprint, where it already operates 4,400 towers. TDF's owners, including Brookfield Asset Management, have enlisted BNP Paribas and UBS to facilitate a sale that could value the asset at €8-10 billion.

Competition for TDF is fierce, with private equity firms Ardian, EQT Group, and Antin also circling the target. The French operator manages 8,000+ towers serving major telecom providers like Orange. This potential acquisition follows AMT CEO Steven Vondran's recent comments about European growth opportunities, though previous attempts to sell TDF have faltered.