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Tofane Global Closes Acquisition of Altice NV´s Wholesale Voice Carrier Altice International
Friday 14 September 2018

14 September 2018 - France-based telecom and digital services provider Tofane Global has closed a deal with Netherlands-based telecom company Altice NV (Euronext: ATCA) (Euronext: ATCB) to acquire Altice International Wholesale, Altice NV's international wholesale voice carrier business in France, Portugal and the Dominican Republic, the company said.

Terms of the potential transaction were not disclosed.

After the closing of this transaction, Tofane Global and AIW companies will remain long-term strategic partners to Altice N.V. and will deliver international voice termination and mobile data services.

The three entities, SFR International Carrier Services, MEO International Carrier Services and Altice Dominicana International Carrier Services, carried 14bn minutes of international voice traffic in 2017.

With strong market positions in Europe, Africa, Middle East and the Caribbean, Tofane now is the 9th largest wholesale voice operator by international minutes.

Tofane will be the exclusive partner to Altice Europe in the three countries (France, Portugal and Dominican Republic) for transport and for the termination of their retail international voice traffic, and the privileged partner to terminate in the Altice Europe networks.

The acquisition of the Altice Europe international carrier business is the first step in Tofane's strategy to launch a leading Tier 1 carrier in international communications.

Revenue is estimated at EUR 400m annually. Tofane earlier this year also announced the acquisition of iBasis, a Royal KPN N.V. subsidiary subject to regulatory approvals.

When the iBasis transaction completes, it will be the second milestone in Tofane's consolidation strategy and would rank the company as the third largest global wholesale voice provider.

Tofane Global is a provider of telecom and digital sectors, and a specialist of international inter operators' carrier services, and is backed by solid financial partners including Ciclad and Trocadero Capital Partners.

Altice NV is a convergent leader in telecoms, content, media, entertainment and advertising. Altice delivers innovative, customer-centric products and solutions that connect and unlock the limitless potential of its over 50m customers over fiber networks and mobile broadband.

The company is present in 10 territories from New York to Paris, from Tel Aviv to Lisbon, from Santo Domingo to Geneva, from Amsterdam to Dallas.

Banque Lazard, Arthur D. Little, Ernst and Young, and De Pardieu Brocas Maffei served as advisors to Tofane Global.
Details
Date Published: 14/09/2018
Target: Altice International Wholesale
Country: France
Sector: Telecommunications
Type: Corporate acquisition
Financing:
Status: Closed
Vendor: Altice NV
Buyer: Tofane Global
Buyer Advisor: Banque Lazard , Arthur D. Little , Ernst and Young , De Pardieu Brocas Maffei
Comment:
Terms of the deal were not disclosed

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