Consequently,
Altice france fixed her fate:
( AFP / ERIC PIERMONT )
The Paris Commercial Court will decide on August 4 on the accelerated safeguarding procedure of the Altice France group, the parent company of the operator SFR, which should allow it to lighten its colossal debt, according to several sources interviewed by AFP. In addition,
The telecommunications group. For example, ownership of billionaire Patrick Drahi, announced at the start of the year an agreement with its main creditors to reduce its debt by 8.6 billion euros, in order to bring it to 15.5 billion in exchange for 45% of its capital. For example,
Among the other counterparts granted, the company provides for a payment of 1.6 altice france fixed her fate billion euros in cash. Moreover,
To endorse this agreement. Consequently, supported by more than 90% of the owners of its debt according to Altice France, the group wants to obtain the implementation of an accelerated backup procedure. Consequently,
The prosecution requested Tuesday the adoption of the restructuring plan with the exception of three companies: SFR SA. SFR Fiber and Completel (branch dedicated to businesses), in unison with the requests of the UNSA COM, the majority union within SFR.
“The Altice debts do not have to fall back on SFR. ” AFP told AFP, Abdelkader Choukrane, elected to the CSE and Secretary General UNSA.
But for management. the agreement with creditors is designed as a set which must include all the companies in the group.
“This is a plan disguised to prepare for the sale of SFR. ” also warned Brahim altice france fixed her fate Ben Maatoug, union coordinator at UNSA.
The union sent a letter in mid-July to the Prime Minister. François Bayrou, and to the Minister of Industry, Marc Ferracci, so that the State “watches over the safeguard of employment” and “protects the critical activities of SFR”.
“There is no current SFR sales process. no offer, not even indicative and worthless, has been received on date,” AFP assured Arthur Dreyfuss, boss of Altice France, after the hearing.
“No one can exclude that one. more unlisted offers be received, for all or part of Altice France, particularly in the current context” (…) and studying them will be, if necessary, our fiduciary responsibility “, he nevertheless continued.
The press has been echoed for several weeks of the opening of discussions for a possible sale of SFR. valued 30 billion euros according to Bloomberg.
An assignment altice france fixed her fate would lead to the reconfiguration of the French market. should comply with the competition rules, if it intervened between French groups.
Altice france fixed her fate
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