Tofane Global in negotiations to acquire Altice International Wholesale

Tofane Global has entered exclusive negotiations with Altice NV (Euronext: ATCA, ATCB) to acquire Altice International Wholesale (AIW), consisting of the group´s international inter-operator carrier activities in France, Portugal and in the Dominican Republic, the company said.

The three entities of AIW (SFR Carriers, Meo and Orange Dominicana) have transported 14 billion minutes of international voice traffic in 2017.

The transaction will be presented to works´ council advice and seeking regulatory approvals. After the closing of this transaction, Tofane Global and AIW companies will remain long-term strategic partners to Altice N.V. and will keep delivering international voice termination and mobile data services.

Banque Lazard, Arthur D. Little, Ernst & Young, and De Pardieu Brocas Maffei served as advisors to Tofane Global.

Tofane Global is a Paris-based company, provider of telecom and digital services for carriers and “Over The Top” (OTT) Internet related companies. It was founded in 2017 by Alexandre Pébereau, a recognized leader among international carriers – former CEO of Orange Carriers and MD of Maroc Telecom, as well as founder of the ITW Council. For more information, visit www.tofaneglobal.com.

Founded in 2001 by entrepreneur Patrick Drahi, Altice is a convergent global provider of telecoms, content, media, entertainment and advertising. Altice delivers innovative, customer-centric products and solutions that connect and unlock the limitless potential of its over 50 million customers over fiber networks and mobile broadband. For more information, visit www.altice.net.

CICLAD is an independent Private Equity investment firm launched in 1988, specialized in backing management teams to go through business transformation projects. Since its inception, Ciclad invested in more than 150 transactions in France and abroad in all industry sectors. For more information, visit www.ciclad.com.

Trocadero Capital Partners (TCP) is an independent management company owned by its management and approved by the A.M.F under number GP-13000033. Its investment team has a long track record as a key player in the bond or minority capital investment segment for French and European companies with an enterprise value between EUR 10M and EUR 100M. For more information, visit www.trocaderocp.com.