France’s Autorite de la Concurrence is expected to scrutinise the impact of Altice Group’s planned takeover of mobile operator SFR on the French overseas territories of Reunion and Mayotte, TeleGeography can confirm. With the EUR11.75 billion (USD16.33 billion) takeover deal slated to include SFR’s assets in Reunion (Societe Reunionnaise de Radiotelephone [SRR]) and Mayotte (SFR Mayotte), Altice could find itself under pressure to divest certain assets.
According to TeleGeography’s GlobalComms Database, Luxembourg-based telecoms group Altice currently owns a 77% stake in Outremer Telecom, a full-service telco active in both territories. SFR and Outremer compete with Orange in both markets, with SFR the dominant cellco in each instance.
Altice Investor Relations Director Richard Williams told TeleGeography: ‘Yes, there may be some issues here. We will discuss with the regulators and discover how much of an issue it is for them. We don’t have any early indications.’