Adaptimmune stock plunges after announcing Nasdaq delisting plans
Investing.com -- Altice France SA is exploring the potential sale of SFR Business, the enterprise unit of French carrier SFR, as billionaire owner Patrick Drahi seeks ways to reduce his telecom empire’s debt load, Bloomberg reports.
The company has instructed its advisers to share information with potential bidders for the unit, which provides fixed and mobile connectivity, cloud services, and cybersecurity solutions to corporate clients. SFR Business could be valued at several billion euros in a transaction, according to Bloomberg, citing people familiar with the matter.
The unit may attract interest from competing operators including Iliad SA’s Free and Bouygues SA, as well as private equity investors. SFR Business represents a valuable opportunity for other operators in France where business-to-business operations are smaller in scale compared to market leader Orange SA.
A potential sale of the enterprise unit could also revive previous attempts to divide SFR’s assets among local operators in the French market.
The process is still in progress, and Altice France might ultimately decide against selling the unit.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.