Altice NV struck several deals to ensure the ownership of 95.9% of the share capital and voting rights of SFR Group SA.

Altice plans to acquire SFR Group's shares through exchanges against Altice's series A common shares. Further, Altice plans to file in September with French financial market watchdog AMF, for a buyout offer followed by a squeeze-out at a price of €34.50 per SFR Group share.

The board of SFR Group appointed Finexsi as an independent expert mandate to issue a report evaluating the financial conditions of the offer. SFR Group's board has also tapped Perella Weinberg Partners as financial adviser.

Altice is said to be considering a bid to acquire Charter Communications Inc.