Altice Europe has confirmed the sale of a 49.99 per cent stake in its French fibre network business, SFR FTTH. The stake has been sold to three investment funds, raising &euro;1.8 billion.&nbsp; Altice Europe's share price rocketed on the Amsterdam Stock Exchange following news of the sale… Altice Europe has confirmed the sale of a 49.99 per cent stake in its French fibre network business, SFR FTTH. The stake has been sold to three investment funds, raising &euro;1.8 billion.&nbsp; Altice Europe's share price rocketed on the Amsterdam Stock Exchange following news of the sale… If you are a subscriber login here To access premium content you need to upgrade your account. To find out more click here We are having trouble showing you adverts on this page, which may be a result of ad blocker software being installed on your device. To view the article please disable any ad blocking software
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 € 2.1bn ($ 1.8bn ). It is part of ongoing efforts by Altice to reduce its debt burden, and follows the divestment of its French business unit and Altice assets. SFR FTTH plans to connect one million French homes to the network before the end of the year , and five million in total, ahead of the launch of 5 G technology.