OMERS makes SFR FttH its debut French infrastucture deal

OMERS Infrastructure has closed its investment in SFR FttH, a French alternative fibre-to-the-home infrastructure wholesale operator. OMERS Infrastructure led a consortium, including Allianz Capital Partners and AXA Investment Managers, that acquired a 49.99 percent stake in SFR FttH alongside Altice France. Terms weren't disclosed. The seller, Altice Europe NV, said the deal is valued at €1.7 billion ($2.6 billion). OMERS Infrastructure, an affiliate of Canadian pension fund OMERS, said the deal is its first in France and its first major greenfield investment in the telecom infrastructure space.

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