Arcus Infrastructure Partners LLP

Asset ManagerChristopher Ehrke

Overview

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

Key Metrics

  • GRESB 2018 2nd out of 7 European data assets
  • Employees c.2,300
  • % managed 45%
  • Sites c.17,000

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 debit” plan, launched in February 2013, aims to cover the entire territory with very high speed connectivity by 2022, mobilising €20bn of private and public investment

Asset

  • #1 broadcasting tower operator in France with over 80% market share in DTT, 60% market share in radio and the #1 outsourced mobile tower site hosting provider with c.50% market share
  • Large scale and high-quality tower portfolio including unique, non-replicable sites with strong coverage
  • National network of infrastructure with c.6,000 active sites, including 380 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