0
Broadband

Altice fibre JV to acquire French infrastructure operator Covage for EUR 1 bln

Monday 25 November 2019 | 10:13 CET | News
Altice Europe announced that its French fibre venture SFR FTTH has agreed to acquire infrastructure operator Covage for a total cash consideration of EUR 1.0 billion. The deal was reached with the operator's two main shareholders, private equity firm Partners Group and Cube Infrastructure Fund. The latter was reported to have hired Morgan Stanley earlier this year to find a buyer for its 50 percent stake in Covage.

Thank you for visiting Telecompaper

We hope you've enjoyed your free articles. Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.

Subscriptions

Already registered?



Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Categories: Fixed
Companies: Altice Europe / Covage
Countries: France
::: add a comment
This article is part of dossier

Fibre


Add comment

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.


Related

SFR passes over 340,000 new premises with fibre in October

Published 03 Dec 2019 11:16 CET | France
SFR's fibre network passed an additional 343,600 new premises across 396 French municipalities during October, when including ...

Last week in telecoms: rumours of a Deutsche Telekom/Orange merger, new action plan for Telefonica

Published 02 Dec 2019 07:00 CET | Europe
There was major news concerning the largest incumbents of Europe, Deutsche Telekom, Orange and Telefonica, in week 48. ...

French operators ramp up FTTP roll-out with 1.2 mln premises passed in Q3

Published 29 Nov 2019 10:56 CET | France
French FTTP networks covered another 1.2 million homes and businesses in the three months to September, a new high after the ...

Covage shareholder hires bank to sell 50% stake in operator – report

Published 25 Feb 2019 13:49 CET | France
One of Covage's two shareholders, Cube infrastructure Fund, has hired Morgan Stanley to find a buyer for its 50 percent stake in ...

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

Published 30 Nov 2018 10:25 CET | France
Altice France has entered into an exclusivity agreement with a group of investors to sell a 49.99 percent stake in SFR FTTH, a ...