neuf Cegetel signs deal to take stake in Paris FTTx operator Erenis

20 Feb 2007

French alternative telecoms operator neuf Cegetel, backed by French mobile operator SFR and Louis Dreyfus group, has signed a deal to take a majority stake in Paris FTTx triple-play provider Erenis. According to a statement from neuf Cegetel, the takeover could be finalised by the end of March. Erenis has more than 10,000 customers in 1,500 buildings covering in total around 55,000 homes. No financial details were disclosed.

According to TeleGeography’s GlobalComms database, SFR, which is 56% owned by Vivendi and 44% by the UK’s Vodafone Group, is the biggest shareholder in neuf Cegetel with a 40.6% interest. Louis Dreyfus now has a 29.6% stake in the company, having previously been almost as large a shareholder in neuf Cegetel as SFR. 20.3% is in free float, 1.5% is held by employees and others (incl. financial sponsors) hold 8%.

France, neuf Cegetel