Altice Offers $2.7 Billion to Buy Rest of French Carrier SFR

Updated on
  • SFR owners to get 8 Altice shares for every 5 shares held
  • Drahi moves to consolidate global telecom group after deals

Patrick Drahi’s Altice NV agreed to buy the 22 percent of French unit SFR Group that it doesn’t already own for 2.4 billion euros ($2.7 billion), moving to overhaul the global telephone and cable-television empire after a debt-fueled acquisition binge.

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