US EditionAltice France Races to Find Buyer as Mounting Debt Pushes SFR to the Brink
- Altice, led by Patrick Drahi, is considering selling its controlling stake in French telecom SFR amid urgent financial pressures in 2025.
- The company faces mounting debt nearing €24 billion and has triggered an accelerated disposal process to address this acute financial situation.
- Altice has circulated information to potential buyers including Bouygues Telecom, Iliad, Orange, UAE's e&, and private equity firms, with talks remaining preliminary.
- The potential transaction values SFR at up to €30 billion, while subscriber losses exceed 1.5 million and about thirty retail stores will close by July.
- This sale effort aims to reduce debt and stabilize SFR’s future amid service quality concerns and ongoing commercial relaunch efforts by Altice.
23 Articles
23 Articles
Patrick Drahi's group had announced at the end of February that it had reached an agreement with a majority of its creditors to reduce its heavy debt. The safeguard procedure is expected to finalize this agreement by the autumn.
Patrick Drahi, the owner of the operator's debt, could sell it for the benefit of his competitors Orange, Free and Bouygues.
leprogres.fr
The telecommunications group is heavily indebted. Its owner Patrick Drahi is already considering a sale of the SFR operator.
The telecommunications group is heavily indebted. Its owner Patrick Drahi is already considering a sale of the SFR operator.
Its owner Patrick Drahi is already considering a sale of the telecom operator. Competitors Bouygues, Free and Orange are looking at the file to share the operator on three.
Altice France, owner of SFR, wants to place the operator under accelerated safeguard procedure. This manoeuvre aims to restructure the group's debt in order to facilitate and accelerate the sale of SFR, negotiations with potential buyers having already begun. The aim is to finalize the safeguard operation at the beginning of the year.
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