New Street Research - Altice France (SFR) (SFRFP) ... Altice France (Most preferred) xpFibre ReCap and potential stake sale - our take on recent TMT article

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New Street Research

Russell Waller

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Altice France (Most preferred) xpFibre ReCap and potential stake sale - our take on recent TMT article

TMT has published an interview with Andras Kranicz, Managing Director and Head of Infrastructure Finance Europe, BNP Paribas, in which a €5.8bn refinancing package is mentioned for xpFibre. The article goes on to talk about a potential xpFibre stake sale by Drahi. We run through the implications of this news in this short piece

20/12/2024 1 EN

Underlyings

Altice France (SFR)

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ALTICE FRANCE SA/FRANCE

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New Street Research

Provided by our team of experienced analysts, our work is idea driven, based on independence of thought, sector expertise, and firmly focussed on fundamentals and valuation.

New Street Research is an independent, partner-owned, research firm specialising in equity and debt research. Our equity research embraces the following sectors:

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US Telecoms, Cable, Satellite and Towers
Global Emerging Market Telecoms
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Pan European Telecom Services and Cable

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Russell Waller

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Altice France (Most preferred) xpFibre ReCap and potential stake sale - our take on recent TMT article

EU Telecoms - M&A Outlook for 2025 The Calm Before the Storm

Altice France (SFR) (Most Preferred) Q3 24: Weaker B2C SR trends in France, but KPIs a bit better

Takeaways from our conversation with VerticalScope (FORA-TO, Not rated)

Liquid Intelligent Technologies (High Yield) New SA facilities signed, first tranche of new equity signed and closed. Still undervalued despite rally.

NSR Policy: Media Consolidation on the Horizon, but with Multiple Policies Affecting Values

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