The accelerated safeguarding plan of Altice France, the parent company of the SFR operator, which contains a restructuring agreement for the group’s debt, was approved by the Paris Economic Activities Court on Monday, August 4, according to a decision consulted by AFP.
In his decision, the Court did not follow the requests of the prosecutor, who had requested the exclusion of three subsidiaries of the group, including SFR, in unison with the requests of the unions.
SFR was sold by cut?
Therefore, this decision opens the road to a sale to cut the assets of Aliche, starting with SFR. As BFM Business revealed in early July, the operator is the subject of many lusts by its competitors. Bouygues and Free expect to share the cake. The first wishes to recover the SFR antennas, while the second units of the SFR business subscribers. And both are interested in mobile and box subscribers. The SFR fiber network interests investment funds.
For its part, Orange monitors current discussions. The historical operator is too large to be able to absorb SFR subscribers (the competence authority would oppose), but it does not intend to be overflowed by Bouygues and SFR as part of this operation. “The red line would be to lose our leadership,” said Orange President Jacques Aschenbroich, on the BFM business set, at the beginning of July, during the economic meetings of Aix-en-Provence.
Whatever the result of this possible exchange, it would lead to a return from the French telecommunications market to three operators. And if Orange’s president has publicly declared for this “consolidation”, the authorities and consumer associations will monitor the consequences for customers.
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Source: BFM TV
