Altice France sells stake in fibre unit for 1.8 bn euros

Telecoms and cable group Altice Europe on Friday said its French unit had agreed to sell a 49.99 percent stake in its SFR FTTH fibre optic business to three investment funds for 1.8 billion euros ($2.05 billion).

Allianz Capital Partners, AXA Investment Managers and OMERS Infrastructure were investing in the unit, Altice added, in a deal that valued the division as a whole at 3.6 billion euros.