Monday 7 April 2014 2:57 am

Altice reaches deal to buy Carlyle and Cinven stake in Numericable


I am City A.M.'s deputy business features editor. I look after the Entrepreneurs page, Alternative Finance and our Office Politics section. I also help out with the Forum, running our daily debate. I have a special interest in distributed ledger technology. Prior to working at City A.M., I ran a social enterprise.

I am City A.M.'s deputy business features editor. I look after the Entrepreneurs page, Alternative Finance and our Office Politics section. I also help out with the Forum, running our daily debate. I have a special interest in distributed ledger technology. Prior to working at City A.M., I ran a social enterprise.

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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.
 

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