SFR FTTH closes 100% acquisition of Covage

9 Dec 2020

Altice Europe announced today (9 December 2020) the closing of the acquisition of 100% of French wholesale fibre operator Covage by SFR FTTH, which is 50.01%-owned by Altice with the remainder owned by a consortium of investors led by OMERS and including Allianz Capital Partners and AXA Investment Managers – Real Assets. Altice declared that the combination of SFR FTTH and Covage – approved by the EC on 27 November – ‘further expands one of the largest FTTH [fibre-to-the-home] wholesalers in Europe, the only nationwide infrastructure challenger to the incumbent’, accelerating ‘the industrial deployment of FTTH in all French territories’.

France, Altice Europe (formerly Altice Group), Altice France (SFR), Covage