Altice France to Sell 49.99% Stake in SFR FTTH for EUR1.8 Billion
30 Novembre 2018 - 9:37AM
Dow Jones News
By Oliver Griffin
Altice Europe NV (ATC.AE) said Friday that its subsidiary,
Altice France, has agreed to sell a 49.99% minority stake in
fiber-optic business SFR FTTH for 1.8 billion euros ($2.05 billion)
in cash.
The Netherlands-based multinational telecoms company said the
sale was agreed with Allianz SE (ALV.XE), AXA SA (CS.FR) and Omers
Infrastructure. SFR FTTH is the largest alternative
fiber-to-the-home wholesale operator in France.
The company said that after the sale, Altice France will sell
technical services to SFR FTTH for the construction, the subscriber
connection and the maintenance of its FTTH network.
Through its majority stake, Altice France will continue to make
a full network return, Altice Europe said.
Write to Oliver Griffin at oliver.griffin@dowjones.com;
@OliGGriffin
(END) Dow Jones Newswires
November 30, 2018 03:22 ET (08:22 GMT)
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