Arcus Infrastructure Partners LLP

Asset ManagerChristopher Ehrke

Overview

  • Sector digital
  • Vehicle Managed Account
  • Investment Year 2015
  • Status Invested
  • Country France

Key Metrics

  • GRESB 2023 2nd out of 6 Telecom Towers
  • Employees c.1,549
  • % managed 45%
  • Sites c.20,900

Market

  • Attractive growth prospects for outsourced telecom site hosting with Free entrance, 4G roll-out and network densification requirements
  • Stable and transparent regulatory environment
  • The “France Très Haut débit” plan will be continued and amplified to accelerate the roll-out of fibre throughout the territory and reach full coverage by the end of 2025 at the latest.

Asset

  • #1 broadcasting tower operator in France with 80% market share in DTT, >50% market share in radio and is also one of the largest outsourced mobile tower site hosting services provider with c.20% market share.
  • Large scale and high-quality tower portfolio including unique, non-replicable sites with strong coverage
  • National network of infrastructure with c.8,250 active sites, including c.600 rooftop sites, as well as 5,000 km of fibre backbone
  • Secure asset base with 91% owned towers and 32% of towers built on owned land
  • Long-term contracts (average 5 years secured for TV/radio and 10-20 years for telecoms) with blue-chip clients and historically low churn rates
  • A leading independent operator of FTTH networks with over 750,000 plugs to roll-out in the Paris green-belt