Restructuring altice france's debt, sfr's: This article explores the topic in depth.
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Restructuring altice france'. Meanwhile, s debt, sfr's:
This decision was eagerly awaited by the group’s employees, who fear consequences on their employment. Therefore,
Published the 04/08/2025 16:39 Updated the 04/08/2025 17:23
Reading time: 3min
The decision was eagerly awaited, and decisive for the future of a telecoms giant. Altice France’s accelerated safeguarding plan. the parent company of the SFR operator, which includes a group’s debt restructuring restructuring altice france’s debt, sfr’s agreement, was approved by the Paris Economic Activities Court on Monday, August 4. In its decision. consulted by AFP, the court did not follow the requisitions of the public prosecutor, which had asked to exclude from this plan three subsidiaries of the group, including SFR, in accordance with the requests of the unions. UNSA and CFDT immediately announced their intention to appeal.
“This restructuring will allow us to resume our destiny in hand. give our group a new future”welcomed Altice’s management in an internal letter to employees, which Franceinfo was able to consult. She promises that restructuring is “Purely financial”that she will not affect the life of the business. that “The set of jobs (…) are fully preserved”.
Among the “guarantors” of Altice France, the court appointed the eight subsidiaries initially mentioned by the debt reduction agreement. The decision is of major importance for the group of billionaire Patrick Drahi. restructuring altice france’s debt, sfr’s who had associated the future of the company on the condition of seeing its debt reduced. “The equation was simple: the success of the negotiation. the end of the story”had hammered management before the court decision.
Setted with a heavy debt of 24.1 billion euros, the group had reached a record restructuring agreement with its creditors. In exchange for a reduction of 8.6 billion euros, the latter are notably granted 45% of the shares. According to the scheduled calendar, the transaction should lead between September and October.
The unions. for their part, had asked the court to refuse the total adoption of the accelerated safeguard plan, and to exclude certain subsidiaries from the agreement. “These subsidiaries are not in debt. have never subscribed to credit with the creditors with whom this agreement has been made, but it is still we who are guaranteeing the reimbursement of these debts and restructuring altice france’s debt, sfr’s who will make the reimbursement costs”deplored with AFP Olivier Lelong, CFDT central union representative within SFR.
According to elected officials from the CSE. employees also see in this complex operation a “Dismantling project” of the Altice group, and fear seeing subsidiaries ultimately sold and threatened jobs. Altice France. by the voice of her CEO Arthur Dreyfuss, nevertheless assured that no sales process was in progress and that“No offer, not even indicative and worthless, has been received on date”.
In 2024. Altice had sold his subsidiary Altice Médias, that is to say BFMTV and RMC, at CMA CGM, the shipowner of the billionaire Rodolphe Saadé.
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Restructuring altice france's debt, sfr's – Restructuring altice france's debt, sfr's
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