SFR FTTH rebrands as Xp Fiber

6 Apr 2021

Following the acquisition of wholesale fibre operator Covage by SFR FTTH, the newly enlarged company has been rebranded as Xp Fiber. The company will operate more than seven million fibre-optic plugs via: 24 Public Initiative Networks (PINs, locally known as Reseaux d’Initiative Publique, or RIP); a portfolio of 2.6 million plugs in less-densely populated areas (Appel a Manifestation d’Intention d’Investissement, or AMII zones, equivalent to roughly 29.9 million households); five Calls for Manifestation of Local Commitments (Appel a Manifestation d’Engagements Locaux, or AMEL, for areas excluded from the AMII zones); and two own networks.

As previously reported by TeleGeography’s CommsUpdate, in November 2019 SFR FTTH, alongside its consortium of financial investors led by OMERS and including Allianz and AXA IM-Real Assets, entered into an exclusivity agreement with Cube Infrastructure Fund and Partners Group regarding the 100% acquisition of Covage for a total cash consideration of EUR1.0 billion (USD1.18 billion). The deal received conditional EC approval on 27 November 2020 and was completed on 9 December 2020.

France, Altice France (SFR), Covage