Completel gains Altitude and reaches for the sky

18 Nov 2010

French fixed line alternative operator and B2B services provider Completel has purchased rival operator Altitude Telecom for an undisclosed amount. In a press release Monday, Completel noted that the acquisition would boost its market share to 10% with annual revenues of EUR500 million (USD675 million), reinforcing its position as France’s third largest B2B provider. The altnet competes with rivals Orange Business and SFR, amongst others, in the highly competitive domestic enterprise market. The takeover also gifts the firm access to Altitude’s wireless operations, which in the long term could be a benefit to triple-play customers using affiliate cable TV operator Numericable’s services. The cableco’s existing quad-play service is based on an MVNO agreement with network operator Bouygues Telecom. Altitude booked revenues of EUR64 million and net income of EUR2.2 million in 2009. The smaller entity is a specialist in the provision of IP-based virtual private networking (VPN) services. Its network currently connects an estimated 30,000 sites across France and over 1,000 virtual networks.

France, Altice France (SFR), Altitude Telecom