Altice to sell international carrier business to Tofane

Tuesday 13 March 2018 | 08:38 CET | News

Altice has entered exclusive talks to sell its international carrier business to Tofane Global for an undisclosed sum. Altice International Wholesale includes the group’s international inter-operator carrier activities in France, Portugal and the Dominican Republic (SFR Carriers, Meo and Orange Dominicana), which together transported 14 billion minutes of international voice traffic in 2017.

The sale is part of Altice's efforts to narrow its focus and improve its balance sheet. Once completed, Tofane will remain a long-term supplier for international voice termination and mobile data services.

Tofane Global is a new French player in the market, which also just bought Dutch operator KPN's international wholesale business iBasis. It was founded by Alexandre Pebereau, a former CEO of Orange Carriers, as well as founder of the ITW Council. 

With financial partners including Ciclad and Trocadero Capital Partners, Tofane plans to combine multiple players in the international carrier services market, via acquisitions or strategic partnerships. The company said it "believes the market is ready for independent specialists that can provide a broad scope of services that are globally available providing cost effectiveness as well as high quality".

Together Altice International Wholesale and iBasis represent a turnover of more than EUR 1.2 billion and 34 billion minutes per year. They serve more than 50 operator customers for 4G mobile data services.

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