Patrick Drahi

Altice to acquire remaining 20% SFR shares, buys out Vivendi

French cable group Altice has announced it has made a formal bid to acquire the remaining 20% of its recently acquired subsidiary SFR’s shares from previous majority owner Vivendi. The billionaire Patrick Drahi-led company and the newly formed Numericable-SFR have made an offer to pay €40 per share.

Iliad’s Niel acquires Orange Switzerland

Apax Partners has agreed to sell Orange Switzerland to French telecoms tycoon Xavier Niel-owned investment firm NJJ Capital for 2.3 billion. Apax bought the operator from France Telecom Orange in 2012 for €1.6 billion, but claims to have transformed the business since by upgrading its network to 4G and modernising its backend IT systems.

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