At least four investor groups are hungrily eyeing a portion of Altice's fiber network business, according to sources cited by Reuters today.
They include US buyout fund KKR, German insurer Allianz, a group led by Australian investment firm Macquarie and US infrastructure fund I Squared Capital, four sources close to the deal told the news service. The potential deal is sparked by Altice majority owner Patrick Drahi's desire to pay down Altice Europe's debt of €32 billion (about $36.6 million US), Reuters reported.
Altice operates France's second-largest telco, SFR. To share the expensive fiber deployment costs for its French network, it's looking for a partner willing to buy between 40% and 50% of this asset. This could be work between €3.6 billion ($4.11 billion), Reuters reported.
Altice asked for final proposals by later this month. However, sources said the deadline might be extended, and Altice won't select the winner until December.
Although Altice expects to sell a large share of its fiber network, it wants to split "the same degree of governance control with the investors and have a say on key decisions," Reuters wrote.
More than a half-million Irish residents expected to have fiber broadband by 2020. But Ireland's National Broadband Plan has not even begun — and government officials today postponed any agreement again.
In a new report and searchable database, Broadband Now discovered fiber is the is the least expensive technology powering subscribers' connections. But the poorest, most rural residents pay the most for connectivity, regardless of underlying infrastructure.
In this insightful Light Reading radio show, Kurt Raaflaub, Head of Strategic Solutions Marketing, will outline the key service provider challenges, deployment considerations, next-gen Gigabit technologies, and service models to win market share in the rapidly growing MDU market.
Just when you thought the answer to your next technology direction question was clear, the noise around multiple new technology options fills the Internet and airwaves. Multiple 5Gs are being deployed; there's CableLabs' 10G initiative; the ITU and IEEE are toiling around 50G PON – and we haven’t even talked about Wi-Fi6 yet! Is any of this real, do you have to pay attention or can you just let the dust settle and then decide?
Since waiting is often not the best option, let’s demystify technology options, their impact on your business, and how to prepare for whatever the future brings.
In this webinar, Service Providers will learn:
Current state of 5G and how it affects everyone, not only mobile network providers.
Latest technologies being developed and how they will benefit their networks and subscribers.
How to prepare their networks for the future – whatever it may hold.