Altice sells stake in French fibre unit to OMERS-led group: Reuters

Telecoms and cable group Altice Europe said its French unit had agreed to sell a 49.99 percent stake in its SFR FTTH fibre optic business to three investment funds for 1.8 billion euros (US$2.05 billion), Reuters reported. Allianz Capital Partners, AXA Investment Managers and OMERS Infrastructure were investing in the unit, Altice said, in a deal that valued the division as a whole at 3.6 billion euros. The consortium was led by OMERS Infrastructure, the infrastructure investment arm of the Ontario Municipal Employees Retirement System (OMERS). Earlier this month, Reuters reported several groups were bidding for the Altice France fibre network business, including one led by KKR.

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