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Altice signs an agreement to acquire Coriolis

on Friday, 24 September 2021 Posted in News Rezopole

Altice signs an agreement to acquire Coriolis

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





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