Altice France agrees EUR 3.6 bln equity partnership to roll out FTTH network

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(Telecompaper) Altice France has entered into an exclusivity agreement with a group of investors to sell a 49.99 percent stake in SFR FTTH, a new fibre venture that will bring fibre connectivity to 5 million French premises. Allianz Capital Partners (ACP), AXA Investment Managers and Canadian investment firm Omers Infrastructure will acquire the stake for a total cash consideration of EUR 1.8 billion, based on a EUR 3.6 billion equity value. SFR FTTH will sell access to its network as a wholesaler, pledging to offer the same terms to all operators, including Altice France’s SFR business, with no minimum volume commitments.
Source: Industry News (syndicated from Telecompaper.com)

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