The planned sale of Altice Group’s Outremer Telecom (Only) units in Reunion and Mayotte has attracted bids from seven companies, according to a report by French newspaper Les Echos. Last Friday (12 December) was set as the deadline for bids by asset management firm Lazard, which is overseeing the sale, and confirmed bidders have now been named as: French telco Free (part of the Iliad Group); Jamaica-based, Irish-owned Digicel Group; Telma, the incumbent operator in nearby Madagascar; and Group Oceinde, which owns Reunion-based fibre provider Zeop. According to the newspaper, the remainder of the bidders are said to be as-yet-unnamed investment funds. The sale is expected to raise around EUR100 million (USD124.8 million).
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 units.