Multinational telecoms investment group Altice is considering the sale of its operations in Belgium, with the unit valued at up to EUR500 million (USD567 million) according to a report from the Financial Times. Altice acquired a majority interest in the Belgian cableco Coditel Brabant in 2003 for EUR82 million and went on to give it the same Numericable branding as its French sister company. Both subsidiaries recently took on the SFR name following the merger of Numericable France and the local cellco SFR. SFR had 109,000 subscribers in Belgium and Luxembourg at the end of March 2016.
Last month, Netherlands-based Altice confirmed the completion of its USD17.7 billion takeover of US cable TV and broadband operator Cablevision, having acquired rival operator Suddenlink late last year. Besides the US, France and Benelux, the group has operations in Portugal, Israel, the Dominican Republic and French Overseas Territories.