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Broadband

EU approves Altice-Covage deal with conditions

Monday 30 November 2020 | 12:41 CET | News
European Union regulators have given the green light to the proposed acquisition of French operator Covage by fibre venture SFR FTTH, owned by Altice Europe and a group of investment firms. First announced in November 2019, the approval of the deal was delayed by regulatory concerns over reduced competition in the B2B market segment of FTTO-based access services. Confirming recent press reports, SFR FTTH made commitments on a number of divestments to the EU's Directorate-General for Competition, to overcome serious objections linked to the impact of the deal on alternative retail operators.

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Categories: Fixed
Companies: Altice Europe / Altice France / Covage
Countries: France
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