Altice France looking for investors to fund fibre rollout

29 Aug 2018

Altice France (SFR Group) is considering new solutions to fund its fibre-optic network deployment plans in France, with parent Altice said to have appointed asset management company Lazard to look for financial partners. Le Figaro writes that potential investors could be offered stakes in a newly-formed company, SFR FTTH, which would consolidate SFR’s infrastructure assets in less-densely populated areas, encompassing four million fibre plugs out of the approximately 4.7 million that the group has committed to install. An unnamed source was quoted as saying that the process ‘will be long and complex’, adding: ‘The project is expected to attract the main active infrastructure funds in Europe. The set-up, the amount of which has not yet been determined, would enable SFR to finance and accelerate the deployment of this infrastructure estimated at several billion euros. It does not concern the outlets already deployed by the operator, i.e. nearly two million fibre-to-the-home (FTTH) plugs, but those that are to come. The file should be presented to employees in the central committee on 4 September.’