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ALIZF Allianz Ag Muenchen Namen (PK)

290.128
0.128 (0.04%)
15 Jul 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Allianz Ag Muenchen Namen (PK) USOTC:ALIZF OTCMarkets Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.128 0.04% 290.128 277.15 295.00 290.128 290.128 290.128 4 21:20:00

Altice France to Sell 49.99% Stake in SFR FTTH for EUR1.8 Billion

30/11/2018 8:37am

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Allianz Ag Muenchen Namen (PK) (USOTC:ALIZF)
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   By Oliver Griffin 
 

Altice Europe NV (ATC.AE) said Friday that its subsidiary, Altice France, has agreed to sell a 49.99% minority stake in fiber-optic business SFR FTTH for 1.8 billion euros ($2.05 billion) in cash.

The Netherlands-based multinational telecoms company said the sale was agreed with Allianz SE (ALV.XE), AXA SA (CS.FR) and Omers Infrastructure. SFR FTTH is the largest alternative fiber-to-the-home wholesale operator in France.

The company said that after the sale, Altice France will sell technical services to SFR FTTH for the construction, the subscriber connection and the maintenance of its FTTH network.

Through its majority stake, Altice France will continue to make a full network return, Altice Europe said.

 

Write to Oliver Griffin at oliver.griffin@dowjones.com; @OliGGriffin

 

(END) Dow Jones Newswires

November 30, 2018 03:22 ET (08:22 GMT)

Copyright (c) 2018 Dow Jones & Company, Inc.

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