What is Patrick Drahi selling?

Patrick Drahi is selling a controlling stake in his French fiber optic company, XpFibre.

What is the expected valuation for XpFibre?

XpFibre is expected to be valued at €9 billion or more, including its debt.

When are the first bids expected for XpFibre?

First-round bids for XpFibre are anticipated in early March.

Home / Business and Economy / Drahi Eyes €9B Sale of French Fiber Giant XpFibre

Drahi Eyes €9B Sale of French Fiber Giant XpFibre

20 Jan

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Summary

Patrick Drahi plans to sell a controlling stake in XpFibre.
The fiber optic company is valued at over €9 billion.
First-round bids are expected in early March.

Drahi Eyes €9B Sale of French Fiber Giant XpFibre

Patrick Drahi is preparing to sell a controlling stake in XpFibre, a prominent French fiber optic company. The potential sale could see the business achieve an enterprise value exceeding €9 billion, which encompasses its existing debt of around €5 billion. Advisors have reportedly begun disseminating preliminary information, with the sale process slated to commence imminently and initial bids expected in early March. This significant divestment aligns with Drahi's ongoing efforts to streamline his global telecom empire and address substantial debt obligations.

XpFibre, distinct from SFR, provides high-speed internet infrastructure across France via fiber-to-the-home technology. The remaining stake in the company is held by a consortium including Omers Infrastructure, Allianz Capital Partners, and AXA IM Alts. Previously, other investment firms like Ardian, KKR & Co., and Global Infrastructure Partners had shown interest, though discussions stalled over valuation disagreements. The current sale initiative is part of Drahi's larger move to offload several of his French telecom assets.