Altice Europe has sold a 49.99% interest in its French fibre network unit, SFR FTTH, to Allianz Capital Partners, AXA Investment Managers and OMERS Infrastructure, for €1.8bn ($2.1bn). It is part of ongoing efforts by Altice to reduce its debt burden, and follows the divestment of its Swiss business unit and Dominican Republic assets. Altice Europe has confirmed the sale of a 49.99 per cent stake in its French fibre network business, SFR FTTH. The deal will see Altice’s stake increase from 50.1% to 62.9% after it sells off its remaining shares in SFR, which are held through an indirect holding company called Altice.
Altice Europe has sold a 49.99% interest in its French fibre network unit, SFR FTTH, to Allianz Capital Partners, AXA Investment Managers and OMERS Infrastructure, for €1.8bn ($2.1bn). It is part of ongoing efforts by Altice to reduce its debt burden, and follows the divestment of its Swiss business unit and Dominican Republic assets. The deal will see Altice’s stake increase from 50.1% to 62.9% after it sells off its remaining shares in SFR, which are held through an indirect holding company called Altice.