Altice Near Sale of Towers to Morgan Stanley, KKR

Altice Europe NV’s towers in Portugal are poised to be sold to Morgan Stanley’s infrastructure arm, while a minority stake in its French masts are likely to be sold to private equity firm KKR & Co., according to people with knowledge of the situation. The Portugal asset is worth as much as 700 million euros ($810 million), while the French stake could fetch up to 1.7 billion euros, they said. Shares of Altice jumped to their highest in almost eight months.