Widgetized Section

Go to Admin » Appearance » Widgets » and move Gabfire Widget: Social into that MastheadOverlay zone

Altice increases Numericable-SFR stake

Multinational cable and telecommunications company Altice, founded by telecoms entrepreneur Patrick Drahi, has acquired 1,298,398 shares in French cable telco Numericable-SFR for some €64.6 million.

Altice’s March 2015 acquisition of Vivendi’s 20 per cent stake in the operator gave it a 70.4 per cent holding. The additional block represents some 0.3 per cent of Numericable-SFR’s share capital.

Separately, Altice announced that it today that it has completed the sale of the mobile assets of Outre-Mer Telecom in La Reunion and Mayotte to Hiridjee Group.

The transaction comes as a result of commitments taken by Altice before the French Antitrust Authority, l’Autorité de la Concurrence, upon the acquisition of SFR.

The purchase agreement was signed on June 23, 2015.

You must be logged in to post a comment Login