Carlyle buys stake in Numericable

US investment fund Carlyle is set to acquire a 35 per cent stake in French cable operator Numericable, formerly known as Noos, and which has almost total dominance in the French market.

Numericable’s current shareholders are Altice with a 30 per cent stake and Cinven with 70 per cent. In a joint statement, the three funds said Carlyle and Cinven will each hold a 35 per cent stake in Numericable and Altice 30 per cent.

Numericable provides voice, Internet and TV services to around 10 million French homes.