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White & Case Advises Altitude on Acquisition of Covage Assets

Global law firm White & Case LLP has advised Altitude Group, France's leading independent fibre operator, on the acquisition from Covage, a wholesale fibre operator in France, of 26 public and private fibre networks.

With the acquisition of Covage's networks, 18 of which are dedicated to companies and eight of which are mixed networks, the Altitude Group will produce and operate more than five million outlets, serving more than 12 percent of all French households. In addition, the acquisition allows Altitude to complete Kosc's historical fibre-to-the-home (FTTH) offer for businesses, with a dedicated fibre-to-the-office offer (FTTO) that nearly 40 percent of businesses are now connectable to.

White & Case previously advised Altitude Infra THD, a subsidiary of the Altitude Group, on its €350 million equity raising with a fund managed by Swiss Life Asset Managers.

The White & Case team which advised on the transaction was led by partner Alexis Hojabr (Paris) and included partners Amaury de Feydeau, Jean-Luc Champy, Alexandre Ippolito, Clara Hainsdorf, Alexandre Jaurett, Grégoire Karila (all Paris), Jérémie Jourdan (Brussels) and Richard Pogrel (London), counsel Orion Berg (Paris) and associates Alexandre Balat, Clément Cenreaud, Amélie Jungbluth, Anaïs Eudes, Paul Loisel, Tsveta Pencheva, Ahmed Boulahcen, Quirec de Kersauson, Camille Fouqué, Sarah Kouchad, Cécilia Grosjean (all Paris) and Stefania Sacuiu (Brussels).

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