Altice France announced an exclusive agreement to acquire 100 percent of rival Coriolis, an independent telecom group with more than half a million customers. Under the terms of the deal, the total cash consideration consists of an upfront purchase price of EUR 298 million and a deferred cash consideration of EUR 117 million. The transaction is subject to regulatory approvals and should be completed in the first half of 2022.
Altice said that Coriolis’ telecom arm would complement its SFR subsidiary and indicated that Pierre Bontemps, founder of Coriolis, would continue his work within the group.
Present in both the B2C and B2B market segments, Coriolis serves around 30,000 business clients with its mobile and fixed services. In addition, it has developed a customer relationship management division, Coriolis Service, that counts four contact centres in France and abroad.
