Portfolio

Altitude Infra, France

Project capex

N/A

Concession

N/A

HICL holding

5.9%

Sector

Communications

Region

France

Ownership, construction and management of wholesale Fibre-to-the-Home (FTTH) networks in rural France

Altitude Infra holds a controlling position in the largest independent wholesale fibre network in France. As the sole provider of Fibre-to-the-home (FTTH) in its 27 subsidised Public Initiative Networks (PINs), Altitude Infra serves more than five million homes with high-speed broadband.

France has an attractive market framework, underpinned by a regulated national initiative to achieve a full FTTH rollout by 2025 and regulated by ARCEP, the French telecom regulator. Altitude Infra earns inflation-linked wholesale revenues generated from the sale of its broadband and network services to Internet Service Providers such as Free, Bouygues Telecom, Orange and SFR.

InfraRed is represented at the Altitude Infra Board of Directors and uses this position to support the company’s growth ambitions. Since HICL’s acquisition in 2023, InfraRed has helped to identify value enhancement opportunities linked to the connection of new users to the company’s fibre networks and the construction of new network infrastructure.

Further information on Altitude Infra can be found at https://www.altitudeinfra.fr/