While the vagueness around a possible sale of SFR continues to be skillfully maintained, the actions of the operator’s parent company do not leave a doubt with the desire to separate from its management company from the relay antennas.
SFR tries to be beautiful for a possible marriage. Rumors have been floating around the operator’s sale to the red square to one of its competitors for now. And if an Altice official recently assured that no sale was underway or even planned, the company announces that it has returned to exclusive negotiations with a American firm to act the sale of infraco, its company of management of relay antennas.
A clear and openly thought out operation to bail out the operator’s boxes a bit at a time when the latter’s debts seem to cool all any buyers, note The world.
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Everything must disappear
50 % owned by SFR and 50 % by Bouygues, Infracos manages 3,700 and some relay antennas all over France. Such a sale should bring to the group of Patrick Drah the trifle of 480 million euros. Enough to mop part of the debt of 24 billion euros that SFR has accumulated in recent years.
Timing is not completely trivial since, a few days before this announcement, the director of Orange France explained that a possible return to three operators could only be considered if Altice was doing her debt restructuring process. Christel Heydemann slipped into the passage that “preliminary discussionsWere underway between operators to prepare a possible acquisition of SFR assets.
Difficult not to see in the sale of infraco a little makeup to appear more presentable with a possible buyer. Especially since it follows the sale of Altice Media (BFM, RMC), but also and above all of part of its data centers and its subsidiary responsible for the fiber optic connection.
Suspense until August 4
If Orange, Bouygues and Free have reported their interest to recover part of the 20 million and some SFR subscribers, such a sale in cutting is not certain to be made. Indeed, Altice is suspended from the decision of the Paris economic activities court to find out whether her debt restructuring plan (which would see investment funds erase part of the company’s slate against 45 % of the capital of the firm) may be carried out.
To go further
“There is no magic figure”: could the SFR and the return to 3 operators go to the authorities?
The decision will take place on August 4. Until then, speculation will be able to continue to go well.
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