Proximus Group completes the sale of its mobile tower infrastructure in Luxembourg to InfraRed Capital Partners

Proximus Group announces it has completed of the sale of its mobile tower infrastructure in Luxembourg to InfraRed’s EIIF4 fund, for a final purchase price of circa EUR 111 million.

In November last year, Proximus Group announced it had signed a binding agreement with InfraRed Capital Partners to sell 100% of the shares of Proximus Luxembourg Infrastructure to InfraRed’s European Infrastructure Income Fund 4 (EIIF4).

All the regulatory conditions precedent have been met. The parties have therefore proceeded to the closing of the transaction on June 12. Proximus Group has received the proceeds from the transaction in the meantime. The final purchase price amounts to circa EUR 111 million (including cash on the balance sheet).

The transaction fits within the optimization of the Group's asset base, targeting a total divestment of over EUR 500 million by 2027.