Sale of Outremer mobile units expected in 1Q15

10 Dec 2014

The sale of Altice Group’s mobile operations in Reunion and Mayotte is anticipated to occur in the first quarter of 2015, local news source reports, noting that asset management firm Lazard has been given the sale mandate. In its most recent interim report, Altice confirmed that the sale process was underway, and will include 2G and 3G licences and frequencies in Reunion and Mayotte, as well as the customer bases and relevant personnel.

As previously reported by TeleGeography’s CommsUpdate, in October this year France’s competition authority, the Autorite de la Concurrence, granted a conditional approval to Altice Group’s proposed acquisition of French telco SFR, following an in-depth investigation of the deal. However, the anti-trust regulator said that in order to receive its unconditional approval, Altice had to divest its mobile operations in the French overseas territories of Reunion and Mayotte, where it competed with SFR via its Outremer Telecom (Only) units.

Mayotte, Réunion, Altice Europe (formerly Altice Group), Telco OI Mayotte (Only), Telco OI Reunion (Free)