Altice to sell mobile ops in La Reunion, Mayotte to Telma

News Wireless Reunion 6 MAR 2015
Altice to sell mobile ops in La Reunion, Mayotte to Telma
Altice is in talks to sell its mobile activities in La Reunion and Mayotte. The French group said it has entered into exclusive talks with the Hiridjee Group, the controlling shareholder of Telma, the leading telecom operator in Madagascar. The sale is part of the regulatory conditions for Altice's subsidiary Numericable taking over mobile operator SFR. Both Altice's unit Outremer Telecom and SFR are active on the French islands. Completion of the sale is subject to the approval of the French antitrust authority.

Categories:

Mobile

Companies:

SFR,  Outremer Telecom,  Altice Europe,  Numericable

Countries:

France,  Madagascar,  Mayotte,  Reunion

Tags:

Regulations, Corporate strategy, M&A buyouts & divestments

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