SFR's parent company, Altice France, announced on 20 September that it had reached an agreement to acquire 100% of Coriolis Télécom. 415 million: an initial purchase price of 298 million euros and a deferred payment of 117 million euros. The transaction is subject to regulatory approval and is expected to be completed in the first half of 2022.

Coriolis Télécom is a French independent operator, founded more than 30 years ago. It has a customer base of more than 500,000 and 30,000 businesses in fixed and mobile services in France.

This takeover will allow SFR to benefit from Coriolis' expertise, partnerships and distribution networks to complete its offers.

Patrick Drahi's group is not new to takeovers. Indeed, it has already acquired Réglo Mobile last May. The virtual mobile operator, which belonged to Leclerc, enabled Altice to increase its customer base by 770,000 subscribers.

Thanks to these two acquisitions, the total number of consumer subscribers increased by a little over 1.2 million customers.

The concentration movement in telecoms continues. While SFR has acquired two other virtual operators, Bouygues Telecom has also acquired Euro Information Telecom (NRJ Mobile, CIC Mobile, Auchan Telecom...).

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Source : alloforfait

Last November, the European Commission approved the acquisition of Covage by SFR FttH. The company is now called Xp Fibre and has a portfolio of 7 million fiber optic connections. It includes 24 Public Initiative Networks (PINs), operated under public service delegations (PSDs); five AMEL zones and two proprietary networks; and 2.6 million outlets in AMII zones.

Its role remains broadly the same as that of SFR FttH, i.e., network deployment, operation and marketing of its own outlets, or through public partnerships, depending on the areas to be equipped.

In detail, SFR FttH already had 5.5 million outlets throughout France, notably through 16 public service partnerships, three AMEL zones and the AMII zone. With this acquisition, Xp Fibre now has 8 DSPs and 4 proprietary networks (including two AMEL).

Each of the deployment areas will benefit from a fiber optic network open to all commercial operators, Xp Fibre being an infrastructure operator. The general public, businesses and local authorities will all be able to subscribe to the access provider of their choice.

"The new entity, made up of the assets of SFR FttH and those resulting from the acquisition of Covage, gives rise to a new, even more ambitious player in the field of fiber for territories and a key player for commercial operators," commented Lionel Recorbet, President of Xp Fibre.

The capital of the new entity remains composed of the Canadian fund OMERS (one of the main defined benefit pension plans in Canada), Altice France and the infrastructure funds of the Axa and Allianz groups, as was that of SFR FttH.

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Source : Clubic