Latest news with #SFR
Time of India
4 days ago
- Business
- Time of India
Orange, Bouygues, Iliad-owned Free exploring carve-up of Patrick Drahi's SFR: Report
French telecom operators Orange , Iliad-owned Free and construction-to-telecoms conglomerate Bouygues are exploring a deal to carve out Patrick Drahi 's French telecom operator SFR , the Financial Times reported on Monday. Dividing up SFR, which would probably be led by Bouygues or Iliad , would result in its assets being split between the companies, the newspaper said, citing unnamed sources. A sale of SFR has become more likely after Drahi secured a restructuring from creditors of his French business, Altice France , earlier this year. Blackstone, KKR and Ardian are among the investment groups to have recently held preliminary talks over financing options with SFR's potential suitors, according to the FT report. KKR, Blackstone, Bouygues, Iliad, and Orange have declined to comment on the report. If a deal were to be agreed, it would probably come after the completion of the Altice France restructuring, which is expected in October, FT said, citing two people familiar with the matter. Reuters reported in February, citing sources, that Altice France is preparing to sign an agreement with its creditors to reduce the telecoms group's debt in exchange for a minority stake in the company, which will involve a debt reduction of 8.6 billion euros ($10.06 billion), bringing consolidated net debt to 15.5 billion euros. "Altice France is focused on implementing the debt agreement, considering the sale of non-core assets and continuing SFR's commercial relaunch and improving quality of service, two indicators that have already been well underway for several months," an SFR spokesperson said in an emailed statement to Reuters on Monday.
Yahoo
08-07-2025
- Business
- Yahoo
Blackstone (NYSE:BX) Considers Acquisitions in India and French Telecom Sector
Blackstone has been actively engaged in substantial acquisition discussions and strategic bids, including their interest in acquiring Axis Finance Limited and the potential joint bid for SFR. Over the last quarter, Blackstone's share price increased by 27%, a notable move amidst market conditions influenced by trade uncertainties and tariff deferments. While broader market forces may impact stock movements, Blackstone's involvement in high-profile deals, like the aforementioned discussions and other strategic alliances, likely bolstered investor sentiment. As the market remained generally stable, these specific corporate actions could have contributed added momentum to the company's share price. We've spotted 3 weaknesses for Blackstone you should be aware of, and 1 of them makes us a bit uncomfortable. Trump's oil boom is here — pipelines are primed to profit. Discover the 22 US stocks riding the wave. The recent acquisition discussions involving Blackstone, such as their interest in Axis Finance Limited and the potential joint bid for SFR, could significantly influence Blackstone's future business landscape. Such activities, while enhancing investor confidence in the short term, may have longer-term implications on the company's operational efficiencies and profitability, specifically as it continues to expand in infrastructure and digital sectors. These strategic moves could challenge Blackstone's ability to maintain high revenue and earnings growth, given the potential risks of saturation and technological shifts within these rapidly evolving industries. Over the past five years, Blackstone has achieved a total return, inclusive of share price and dividends, of approximately 240.18%. This long-term performance underlines its strong value creation, although recent 12.5% U.S. market returns outpaced Blackstone's, which underperformed relative to the Capital Markets industry return of 37% over the last year. Despite this, Blackstone's earnings growth of 18.2% last year surpassed the industry average of 14%, signifying robust operating performance even with market challenges. As analysts project Blackstone's revenue to grow at 15.7% annually, any successful acquisitions or joint ventures could catalyze these forecasts. However, the company's reliance on large-scale projects and potential operational inefficiencies could temper earnings growth, which is forecasted to rise 27.09% per year. With Apple's current share price at US$137.36 closely aligned with the bearish analyst's price target of US$138.17, any forward-looking revenue and earnings projections developed in light of recent strategic activity will need to be critically assessed against Blackstone's current valuation and industry landscape. Gain insights into Blackstone's outlook and expected performance with our report on the company's earnings estimates. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include NYSE:BX. This article was originally published by Simply Wall St. Have feedback on this article? Concerned about the content? with us directly. Alternatively, email editorial-team@ Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Bloomberg
07-07-2025
- Business
- Bloomberg
Blackstone Explores Potential Joint Bid for Drahi's SFR
Blackstone Inc. is studying a potential joint bid for billionaire Patrick Drahi's French telecom operator SFR, which is considering a sale at a valuation of as much as €30 billion ($35 billion) including debt, according to people familiar with the matter. The New York-based firm has been in early discussions with other potential suitors including SFR competitors as it evaluates the merits of a deal, the people said. Blackstone is likely to team up with another bidder given the operational needs of the Altice France SA -owned carrier, said the people, who asked not to be identified as the information is private.
Time of India
16-06-2025
- Time of India
France's second-largest telecom provider faces widespread mobile network outage, company says investigating the issue
Representative Image France 's second-largest telecom provider, SFR, is currently facing a widespread mobile network outage. The downtime has made accessing texts, calls, and mobile internet impossible for thousands of users across the country. The company has confirmed that it is aware about the outage and is currently investigating the issue. The outage is also affecting broadband contract holders with SFR, preventing internet use in their homes. Reports of the disruption began arriving around 11:00 AM local time (2.30 PM IST), with hundreds of users quickly reporting the network as down. At its peak, around 4:53 PM IST, outage tracking website Downdetector recorded over 10,000 reports of the SFR network being down from across France. However, normal service is expected to be resumed later this evening, June 16. What SFR said about the widespread mobile network outage Replying to a post on social media platform X (earlier Twitter), SFR wrote (translated from French): 'We would like to inform you that a technical incident is currently impacting our network. Our technical teams are fully mobilized to restore the situation. We apologize for any inconvenience.' by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Confidence packed. Wrinkles left behind. Philips Garment Steamers Book Now Undo As per Downdetector, the outage hasn't been resolved for all SFR users. Report of the same has reduced but are still affecting nearly 2,000 users at the time of writing. This is not the first time French residents are facing widespread mobile network outage. In November 2024, users of the 'Free' network experienced an outage that, in some cases, lasted for several hours. Recently, in April, a massive blackout swept across Spain, Portugal and parts of southern France disrupting life for nearly 50 million people throughout Europe. The outage brought subway systems to a standstill, cut off phone services, disabled traffic lights, and rendered ATMs inoperable. The outage also forced the suspension of Madrid Open matches. Public transport systems, airports, traffic lights, and phone services across major cities like Madrid, Barcelona, Lisbon, and parts of southern France were affected.
Bloomberg
16-06-2025
- Business
- Bloomberg
France's SFR Says It's Investigating Mobile Network Outage
Phone carrier SFR said it's investigating a widespread mobile network outage across France, and the cause is unknown. The company is aware of outages across different parts of the country, a spokesperson said in response to Bloomberg's queries. Downdetector users reported a sharp increase in problems with their wireless service starting at about 12pm local time.
