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.
In a flurry of activity throughout the week, Donald (DJ) LaVoy, Deputy Under Secretary for Rural Development at the US Department of Agriculture, and his team spent about $145.8 million in the non-urban or suburban areas of seven states.
Calix reported revenue of $120.19 million – up 4% – in Q4 2019, putting a bounce in the step of company president and CEO Carl Russo and a shine to Calix's ongoing transition from hardware vendor to a provider of platforms enabled by cloud, APIs and subscriber experience.
Looking to curtail e-waste and improve the bottom line, BT will require customers to return routers and set-top boxes, although subscribers will not have to pay a fee when they receive regular broadband equipment.
Deploying DOCSIS 3.1 across its entire footprint gave Rogers Communications the ability to offer speeds of up to 1 Gbit/s,
contributing to a broadband segement that generated about 60% of the Canadian operator's $3.05 billion (US) in Q4 cable earnings.
Over the next two years, approximately 60% of service providers (both large and small) will adopt virtualization on a wide scale across their networks, according to the latest survey report from Ovum. Why are providers making these moves? Is there an easy way to start?
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Current network infrastructure and the move to virtualization
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