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Broadband

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

Monday 25 February 2019 | 13:49 CET | News
One of Covage's two shareholders, Cube infrastructure Fund, has hired Morgan Stanley to find a buyer for its 50 percent stake in the French operator, according to information gathered by Les Echos. The move has reportedly been motivated by the ambition that Covage could be valued at EUR 1 billion. Market appetite for operators holding FTTH assets has been recently demonstrated by Altice's EUR 3.6 billion equity partnership with three investment firms, forming a new fibre venture that will meet the deployment targets of Altice's French subsidiary SFR.

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Categories: Fixed
Companies: Covage
Countries: France
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