Sfr: the Sale Compromised, Altice Facing a Debt Wall
2 Articles
2 Articles
The Public Prosecutor's Office opposes the integration of SFR into the restructuring plan of Altice France. This decision, expected from the Commercial Court, could cancel the sale of the operator and leave Patrick Drahi with a colossal debt. What future for the operator with the red square?
While Altice France thought that it had reached a compromise with its creditors in order to alleviate its colossal debt, an intervention by the Public Prosecutor's Office called into question everything. The restructuring of the Altice SFR debt was compromised by the potential exclusion of SFR from the safeguard plan, which could make the operation run out.
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