Altice France clears €8.6bn in debt and opens door to SFR sale
Embattled French group firms up major business restructure seeing founder Patrick Drahi reduce his stake, group of creditors gain a 45%-holding, and former Vodafone CEO Nick Read join Board of Directors as part of a governance rejig.
This article includes:
- Organisations: AFP; Altice France; Altice International; Altice Portugal; Altitude Infra; Ardian; BlackRock; Blackstone; BFM Business; Bouygues Telecom; CMA-CGM; Completel; EuroFiber; Fidelity; Free; Global Infrastructure Partners (GIP); Iliad; InfraVia; Infracos; KKR; Morgan Stanley Infrastructure Partners; Numericable; Outbrain; Phoenix Tower International (PTI); Pimco; stc Group; SFR; SFR Business; SFR Fibre; Tribunal des activités économiques de Paris (Tribunal for Economic Activities); Vodafone; Vivendi; XpFibre; Ypso Brance; ZDNet France.
- Geographies: Europe; France; Middle East; North America; Portugal; Saudi Arabia; United States of America (USA).
- People: Gerrit Jan Bakker; Pierre-André de Chalendar; Patrick Drahi; Arthur Dreyfuss; Marc Ferracci; Christel Heydemann; Nick Read; Thomas Reynaud.
- Themes: Asset sale; Bankruptcy; Broadband; Construction; Consolidation; Corruption probe; Court recognition; Creditors; Debt restructuring; Equity swap; Fibre (FTTP); Fibrecos; Financial restructuring; Governance; Headwinds; Infrastructure; Joint acquisitions; Media subsidiaries; Mobile customers; Mobile postpaid segment; Network outage; Postpaid subscribers; Private equity; Repayment; Safeguard proceedings; Shareholding; Sovereignty protection; Stake sale.
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