Last September, Altice announced the acquisition of Coriolis Télécom, its network of 230 direct and affiliated points of sale and its base of 500,000 subscribers and 30,000 corporate customers. Transaction amount? 415 million euros, including 298 million euros of initial payment and 117 million euros payable later. A few months later, the finalization of this transaction was approved on Monday by the Competition Authority, for which “the operation is not likely to harm competition”.
“Coriolis is a large, fast-growing company with a customer proposition that would be very complementary to that of SFR. We look forward to combining the significant experience and expertise of the entire Coriolis team with that of ‘Altice France, and to work together to further improve the services provided to our customers and fully realize the excellent growth prospects of Coriolis”, said the CEO of Altice France, Grégory Rabuel, when announcing this transaction.
The operation will have no consequences on the organization chart of Coriolis, but could well modify the commercial strategy of the alternative operator. As a reminder, the latter has so far operated on the networks of the Carré Rouge brand, but also on those of its competitor Orange. “With this proposed transaction, Altice France would integrate the existing expertise, partnerships, well-established distribution network, B to C and B to B customer bases, and the customer service capabilities of Coriolis, which are highly complementary to those of SFR. and Intelcia”, Altice’s customer relations subsidiary.