Seven parties are reportedly interested in buying Outremer Telecom from Altice, which has been required to sell some of its overseas assets to secure approval for the SFR deal.
Iliad’s Free, Reunion-based Oceinde, telecoms group Digicel,…
Seven parties are reportedly interested in buying Outremer Telecom from Altice, which has been required to sell some of its overseas assets to secure approval for the SFR deal.
Iliad’s Free, Reunion-based Oceinde, telecoms group Digicel, Madagascar’s Telma and some investment funds have thrown their hats in the ring, according to French publication Les Echos which does not mention its sources.
The transaction, which Lazard is working on, could reportedly fetch about €100m (US$125m).
In late October, France’s competition authority approved the €13.4bn acquisition of mobile operator SFR by telecoms group Altice and its cableco unit Numericable.
However, the regulator imposed a few conditions, including that Altice sells Outremer Telecom so the combined Numericable-SFR entity does not become a dominant player in La Reunion and Mayotte, where both companies are already present.
Outremer also has operations in the French overseas departments of Martinique, Guadeloupe and French Guiana.
Altice and Outremer were not immediately available for comment.
