Drahi Said to Draw Interest in SFR Business in Breakup Push
Altice France SA, owned by billionaire Patrick Drahi, has reportedly drawn interest from potential buyers for the enterprise unit of French carrier SFR. This development comes as Drahi explores ways to reduce the debt burden of his telecom conglomerate. The enterprise unit of SFR, which provides services to businesses, has caught the attention of several interested parties, according to people familiar with the matter. The potential sale is part of Drahi's broader strategy to streamline Altice's operations and address the company's significant debt levels. Altice has been actively working to restructure its businesses and assets in recent years, as the company aims to enhance its financial flexibility and focus on its core operations. The sale of the SFR enterprise unit could be a step in this direction, allowing Altice to generate funds and concentrate on its other telecom and media assets.
Source: For the complete article, please visit the original source link below.
