Press releases
10.12.2018Jean-Pierre Delvigne, Julie Catala Marty, Justine Langer, Kai Völpel, Magali Masson, Paul Ast, Sara Pomar, Victor Barruol, Virginie Brault-Scaillet

Franklin advises Altice on reorganizing its fiber-to-the-home business as a subsidiary and selling a 49.99% stake to a consortium of three investment funds

Franklin has advised Altice on reorganizing its rural fiber-to-the-home (FTTH) business as a subsidiary and on selling a 49.99% equity interest in the new subsidiary, SFR FTTH, to a consortium of three investment funds.

The deal is expected to close in Q1 2019, subject to customary closing conditions. 

The move will enable Altice to roll out its FTTH network more quickly and reach 5 million homes in rural areas by 2022, which will make SFR FTTH the largest alternative FTTH infrastructure wholesale operator in France. 

Franklin’s team advising on the deal was composed of:

·         partner Magali Masson and of counsel Virginie Brault-Scaillet, assisted by associate Justine Langer, advising on corporate M&A aspects;

·         partner Kai Völpel and associate Paul Ast, advising on financing aspects;

·         partner Julie Catala Marty, assisted by associates Sara Pomar and Victor Barruol, advising on antitrust aspects;

·         of counsel Jean-Pierre Delvigne advising on public law aspects.

The consortium consists of Allianz Capital Partners (ACP), OMERS Infrastructure and AXA IM-Real Assets.