Mergers & acquisitions advice in connection with the sale of a regional telecommunications network to a national operator

Mandate description

Mandate of exclusive financial advice led to a Swiss public entity as part of the transfer of a regional telecommunications network To one national telecom operator.
The infrastructure concerned served several municipalities on the periphery of a large French-speaking urban center and included several thousands of homes and businesses connected.

This operation was part of a strategic reorientation of multimedia activities of the public entity, wishing focus its resources on the development of the fiber optic network (FTTH) within its main area of competence.

The mandate was to identify an industrial partner capable of ensuring continuity of service, the maintenance of the network and the preservation of access conditions for existing customers.

Key issues

The main challenges consisted of:

• Structuring an asset sale transaction in a public setting, involving specific regulatory, technical and political constraints;
• guarantee the continuity of services for end users and technological compatibility with existing infrastructures;
• and maintaining the strategic value of the transferred network, in a context of rapid transformation in the telecommunications sector.

The mission required a in-depth analysis of technical, contractual and financial components of the infrastructure, as well as the modeling of valuation scenarios based on the operational profitability of the network and the value of the future flows generated.

Approach and results

The team supported management and governance bodies in:

• The preparation of the transfer process;
• The review of technical and financial documentation;
• The selection and approach of potential partners;
• The due diligence management;
• And theassistance during final negotiations.

The operation ensured the smooth network transmission To one national telecom operator, while guaranteeing the continuity of public service And the value of the infrastructure transferred. This mandate illustrates the ability to structure complex transactions for the sale of strategic assets in a demanding institutional environment.