US EditionAltice France: Why the Decision of the Tribunal on the Debt of the Group Opens the Door to a Sale of SFR – The Observatorial
22 Articles
22 Articles
The economics court has endorsed the financial restructuring plan negotiated between the billionaire and its creditors. The cut-off sale of the telecoms operator is coming along. All its competitors are on the line.
The Paris Economic Court approved the Altice France accelerated safeguard plan without withholding the request for the exclusion of the telephone operator from the perimeter, claimed by the trade unions.
This decision was very much expected of the group's employees, who feared that their employment would be affected.
The court of economic activities in Paris finally validated the accelerated safeguard plan of the Altice France group, Monday, August 4, 2025. It includes in particular an agreement with creditors to absorb the debt of 24 billion euros contracted in the 3rd quarter of 2024.
The commercial court confirmed on Monday the group's financial restructuring, whose debt peaked at €24 billion and which is expected to be reduced by €9 billion. Trade unions intend to appeal.
The Paris economics court ruled this Monday, August 4th on the restructuring of the huge debt of the Altice group, owned by billionaire Patrick Drahi.
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