France’s digital infra market is entering a new investment cycle. With fibre rollout largely complete, capital is rotating towards ownership changes, consolidation and monetisation of established networks, while AI demand is stimulating investment in datacentres and powered land at unprecedented scale. Fibre and tower transactions sit alongside new datacentre JVs and multi-hundred MW AI campus developments, as France looks to turn its combination of mature connectivity, available low-carbon power and sovereign AI ambitions into a competitive advantage. This session will explore:

• Where across the fibre, power and compute stack are investors seeing the strongest risk-adjusted returns? And which assets can translate today’s boom into durable value?
• What are current fibre processes revealing about valuations and buyer appetite for mature wholesale infrastructure? And can France establish a new European valuation benchmark?
• Are Orange/Morrison-style JVs, minority investments and StableCo structures becoming the preferred route to fund capital-intensive development?
• How much of the announced AI capacity is genuinely power-secured and supported by credible customer demand?
• Can AI demand change the investment case for French long-haul and DC-DC fibre?
• What does France’s sovereign AI push mean for ownership and international capital participation?