Billionaire Drahi Considers SFR Sale as Rivals Circle
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Billionaire Patrick Drahi's Altice France SA is considering the sale of a controlling stake in SFR amid buyer interest in a deal that could value the French mobile carrier at as much as €30 billion ($34 billion) including debt, according to people familiar with the matter.
The company has sent information on SFR to potential buyers in recent weeks, the people said. The business could attract interest from French competitors like Bouygues SA, Iliad SA and Orange SA, the people said. Middle Eastern carriers such as Emirates Telecommunications Group Co., known as E&, and private equity firms may also study deals for SFR, according to the people.
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