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.
The industry organization's major initiatives will address broadband differentiation based on quality of experience, global test labs for services, 5G, multi-access strategies and more, say CEO Robin Mersh and CMO Geoff Burke in an interview with BBWN.
Mike Zeto, GM of AT&T's Smart Cities division, expects metro areas to adopt platforms to manage multi-departmental IoT solutions once internal processes are aligned and more agencies are involved in smart city applications.
Fiber optic cable vendor Prysmian Group is now shipping its FlexRibbon Technology-based, US-sourced and made 6912 fiber MassLink Cable to service providers seeking densification for 5G or solutions for filled ducts.
Consumers are buying millions of IoT devices, from smart thermostats and security systems to intelligent entertainment setups and furniture. Yet many of these devices remain isolated because home users are uncomfortable connecting them to each other – or even their WiFi. After all, their WiFi network was probably designed only to handle a few laptops, a gaming system and a couple of smartphones. Now, demand on the network is surging and even though you're delivering 100 Mbps to 1 Gbps, that doesn't necessarily mean the broadband power is in the right place or reaches every corner of a home.
Even if WiFi coverage is sufficient, typing is not on trend. Voice is far more natural, easier and faster. Using a TV keyboard is archaic when more and more households have access to cloud-based voice services, like Amazon Alexa. This webinar will explore how service providers can create a comfortable, truly smart home for consumers – simultaneously driving up margin and loyalty.
Tune in to Broadband World News Radio on Thursday, November 1 at 8 a.m. PT, 11 a.m. ET, 3 p.m. UK as Ronan Kelly, CTO, EMEA & APAC Regions at ADTRAN, explores the five pillars of network integrity -- a topic he discussed during his recent Broadband World Forum keynote. Register now!