Global law firm White & Case LLP has advised Covage Infra, part of the Altitude Group, on setting up a medium-term loan and liquidity line for a total amount of €156 million with NORD/LB, a German bank already a partner in the financing of Altitude Group's fibre-to-the-home (FTTH) infrastructure.
The financing will be used by Covage Infra to realise its ambition to connect 40 new cities to fibre by the end of 2023.
White & Case previously advised Altitude Group on the acquisition of Covage Infra assets in September 2021. Altitude Group is currently the third largest telecom infrastructure operator in France.
The White & Case team in Paris which advised on the transaction was led by partner Amaury de Feydeau and included partners Grégoire Karila and Alexis Hojabr and associates Niels Ardeo-Winter, Charles Linel and Alexandre Balat.
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