Monday 7 April 2014 2:57 am

Altice reaches deal to buy Carlyle and Cinven stake in Numericable

The French cable and telecommunications provider Altice has announced it’s agreed with Carlyle Cable Investment and Cinven Group to buy their combined 34.6 per cent stake in cable operator Numericable Group. 

The news comes ahead of Altice’s merger with SFR, which it’s buying from Vivendi, and will take Altice’s ownership to 74.6 per cent.

The firm will pay Carlyle and Cinven the equivalent of €30.5 (£25) per share in stock and cash.

The deal will provide the opportunity for Numericable to offer its services to SFR’s 22m mobile subscribers.