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Report: Altice mulls sale of SFR Belgium

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Report: Altice mulls sale of SFR Belgium

AlticeNV is rumored to be considering the sale of SFR Belgium to focusmore on larger markets such as the U.S. and France, BloombergNews reported July 7, citing a person familiar with the situation.

A potential deal could reportedly value the unit at about €500 million. SFR Belgium competeswith Proximus,Orange SA'sOrange Belgium andLiberty Global plc'sTelenet in Belgium.

Altice created the fourth-largest cable operator in the U.S.with the merger of its acquired companies Cablevision Systems Corp. and .