At the end of 2020, Brussels validated the acquisition of Covage by SFR under certain conditions. Indeed, in order to avoid competition problems, the operator with the red square had to sell part of its networks. Altitude Infra and Axione had expressed their interest and had positioned themselves to acquire all the networks concerned.
In a joint press release, Altitude Infra, which manages 19 RIPs and claims to have deployed 1 million outlets, and Xp Fibre, the entity created by the merger between SFR FTTH and Covage, with 7 million outlets deployed, announced that they had entered into exclusive negotiations for the full acquisition of the assets. The transaction is expected to be finalised in the second half of 2021, following approval by the European Commission.
The 25 networks concerned correspond to Covage's fibre optic local loop activity in the Public Initiative Networks. This represents 95% of the operator's FttO (Fibre to the Office) activity. Among them, 15 Covage subsidiaries active almost exclusively on the wholesale market for capacity services on BLOD (Dedicated Optical Local Loop) and 10 Covage subsidiaries active marginally on the wholesale market for capacity services on BLOD and which also deploy FttH networks.
Source : Univers Freebox