November 30, 2018 / 8:02 AM / 14 days ago

Altice France sells stake in fibre unit for 1.8 bln euros

PARIS, Nov 30 (Reuters) - Telecoms and cable group Altice Europe on Friday said its French unit had agreed to sell a 49.99 percent stake in its SFR FTTH fibre optic business to three investment funds for 1.8 billion euros ($2.05 billion).

Allianz Capital Partners, AXA Investment Managers and OMERS Infrastructure were investing in the unit, Altice added, in a deal that valued the division as a whole at 3.6 billion euros. ($1 = 0.8783 euros) (Reporting by Gdynia newsroom, Writing by Sarah White ; Editing by Matthias Blamont)

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