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Report: Consortium in advanced talks for stake in Altice fiber business

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Report: Consortium in advanced talks for stake in Altice fiber business

A consortium that includes OMERS Infrastructure Management Inc. is in advanced negotiations to take a 40% stake in Altice Portugal SA's fiber network business, Telecompaper reported, citing sources mentioned by Bloomberg.

Another unnamed group reportedly expressed interest in the network assets, which may be valued at between €3 billion and €4 billion.

Altice Europe is reportedly eyeing the sale of up to 49% in its Portuguese fiber network before the company's next quarterly results.

Canadian pension fund OMERS is already an investor in Altice Europe unit SFR FTTH, which recently agreed to fully acquire French wholesale fiber operator Covage for €1.0 billion in cash.