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Altice's new structure is not meant to facilitate a market consolidation in France: CEO

Reuters  |  PARIS 

(Reuters) - The separation of Altice's U.S. and European operations is not meant to facilitate a market consolidation in France, Goei said on Tuesday.

The Netherlands-based telecoms and cable group plans to regroup its French unit SFR under a new entity named Europe, it said earlier on Tuesday.

Several analysts said Altice's European arm as a whole could eventually become an acquisition target for rival French telecoms companies.

"There's clearly no thought process around trying to position it for any type of strategic transaction," Goei said during a call with reporters.

"We're very focused on the operating story, specifically in and Portugal," he added.

"Over the medium and longer term, I'm certain this question will be asked again and maybe we'll have a different response."

(Reporting by and by dominique Vidalon)

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Tue, January 09 2018. 22:18 IST