{"id":135074,"date":"2025-05-21T12:26:14","date_gmt":"2025-05-21T12:26:14","guid":{"rendered":"https:\/\/teknomers.com\/en\/altice-france-sfrs-parent-company-is-entering-an-accelerated-backup-process\/"},"modified":"2025-05-21T12:26:16","modified_gmt":"2025-05-21T12:26:16","slug":"altice-france-sfrs-parent-company-is-entering-an-accelerated-backup-process","status":"publish","type":"post","link":"https:\/\/teknomers.com\/en\/altice-france-sfrs-parent-company-is-entering-an-accelerated-backup-process\/","title":{"rendered":"Altice France, SFR&#8217;s parent company, is entering an accelerated backup process."},"content":{"rendered":"<div id=\"\">\n<figure class=\"article__media\">\n        <picture class=\"article__media\"><source srcset=\"https:\/\/img.lemde.fr\/2025\/05\/21\/0\/0\/2846\/1897\/556\/0\/75\/0\/3e0423b_ftp-import-images-1-wwffq3s4q0st-5966002-01-06.jpg 556w, https:\/\/img.lemde.fr\/2025\/05\/21\/0\/0\/2846\/1897\/600\/0\/75\/0\/3e0423b_ftp-import-images-1-wwffq3s4q0st-5966002-01-06.jpg 600w, https:\/\/img.lemde.fr\/2025\/05\/21\/0\/0\/2846\/1897\/664\/0\/75\/0\/3e0423b_ftp-import-images-1-wwffq3s4q0st-5966002-01-06.jpg 664w, https:\/\/img.lemde.fr\/2025\/05\/21\/0\/0\/2846\/1897\/700\/0\/75\/0\/3e0423b_ftp-import-images-1-wwffq3s4q0st-5966002-01-06.jpg 700w, https:\/\/img.lemde.fr\/2025\/05\/21\/0\/0\/2846\/1897\/800\/0\/75\/0\/3e0423b_ftp-import-images-1-wwffq3s4q0st-5966002-01-06.jpg 800w\" sizes=\"(min-width: 1024px) 556px, 100vw\" alt=\"Panneau lors d\u2019une conf\u00e9rence de presse \u00e0 Paris, le 11 avril 2019.\" width=\"664\" height=\"443\"><\/source>\n        <\/picture>\n        <noscript><br \/>\n            <img decoding=\"async\" src=\"https:\/\/img.lemde.fr\/2025\/05\/21\/0\/0\/2846\/1897\/664\/0\/75\/0\/3e0423b_ftp-import-images-1-wwffq3s4q0st-5966002-01-06.jpg\" alt=\"Panel during a press conference in Paris, April 11, 2019.\" \/><br \/>\n        <\/noscript><figcaption class=\"article__legend\" aria-hidden=\"true\">\n            Panel during a press conference in Paris, April 11, 2019.<br \/>\n            <span class=\"article__credit\" aria-hidden=\"true\">Eric Piermont \/ AFP<\/span><br \/>\n        <\/figcaption><\/figure>\n<h2>Altice France Enters Safeguard Procedure<\/h2>\n<p class=\"article__paragraph\">The **telecommunications group** Altice France, the parent company of the operator **SFR**, is preparing to enter into an **accelerated safeguard procedure**. This stage has been planned since the restructuring plan for its **debt**, confirmed a source close to the file to the France-Presse agency (**AFP**) on May 21.<\/p>\n<p class=\"article__paragraph\"><em>&#8220;As we announced at the end of February, to ratify the debt agreement, we must set up a jurisdiction-administering process, whose accelerated safeguard before the **Paris Commercial Court** is a part,&#8221;<\/em> detailed this source. This step corresponds to the end of the **conciliation phase** with the creditors holding the **Altice debt**, which facilitated the agreement of more than **90%** of them. The procedure is expected to finalize the agreement by late **September to early October**, the same source added.<\/p>\n<h2>Debt Restructuring Agreement<\/h2>\n<p class=\"article__paragraph\">Patrick Drahi&#8217;s group, which is heavily in debt (almost **24 billion euros** in the third quarter of **2024**), announced in late February that it had reached an agreement with a majority of its creditors to reduce its debt by **8.6 billion euros**. The agreement thus plans to bring down its total debt to **15.5 billion euros**, in exchange for **45%** of its capital.<\/p>\n<section class=\"catcher catcher--favoris\">\n<div class=\"catcher__content\">\n            <span class=\"catcher__title catcher__title--hide\">Read also |<\/span><br \/>\n            <span class=\"catcher__desc\"><br \/>\n                <span class=\"icon__premium\"><span class=\"sr-only\">Article reserved for our subscribers<\/span><\/span><br \/>\n                Patrick Drahi multiplies the transfers to face his debt<br \/>\n            <\/span>\n        <\/div>\n<p>\n            <button class=\"lmd-btn-icon lmd-btn-icon--primary lmd-btn-icon--m js-lmd-dropdown-favorite-toggler\"\n                aria-controls=\"lmd-dropdown-favorite\"\n                aria-label=\"Lire plus tard\" \n                aria-describedby=\"article-title-3385622\"\n                data-article-id=\"3385622\"\n                data-position=\"lire aussi\"\n                data-url=\"https:\/\/www.lemonde.fr\/economie\/article\/2024\/08\/12\/patrick-drahi-multiplie-les-cessions-pour-faire-face-a-son-endettement_6278314_3234.html\"\n                data-status=\"\"><br \/>\n                <span class=\"icon__favorites\"\/><br \/>\n                <span class=\"js-btn-icon-tooltip\" aria-hidden=\"true\">Read later<\/span><br \/>\n            <\/button>\n        <\/p>\n<\/section>\n<h2>Potential Sale of SFR<\/h2>\n<p class=\"article__paragraph\">Furthermore, according to information from **Bloomberg**, Altice France is reportedly in discussions with various operators, both **French and foreign**, regarding the sale of **SFR**, which is valued at **30 billion euros**.<\/p>\n<p class=\"article__paragraph\">This group has not been listed on the stock market since **2021** and has struggled with difficulties over several years, mainly due to substantial debt and a **corruption scandal** involving the former leader of its **Portuguese subsidiary** and co-founder of the group. Altice France has initiated a **weight loss treatment** over the past year to alleviate its debt. The group has sold its media activities, which included **BFM** and **RMC**, several **data centers**, and its shares of **Mobile Post**, while other Altice subsidiaries abroad have also engaged in similar transfers.<\/p>\n<section class=\"catcher catcher--favoris\">\n<div class=\"catcher__content\">\n            <span class=\"catcher__title catcher__title--hide\">Read also |<\/span><br \/>\n            <span class=\"catcher__desc\"><br \/>\n                <span class=\"icon__premium\"><span class=\"sr-only\">Article reserved for our subscribers<\/span><\/span><br \/>\n                Altice France minimizes the impact of the corruption case on its activity<br \/>\n            <\/span>\n        <\/div>\n<p>\n            <button class=\"lmd-btn-icon lmd-btn-icon--primary lmd-btn-icon--m js-lmd-dropdown-favorite-toggler\"\n                aria-controls=\"lmd-dropdown-favorite\"\n                aria-label=\"Lire plus tard\" \n                aria-describedby=\"article-title-3334317\"\n                data-article-id=\"3334317\"\n                data-position=\"lire aussi\"\n                data-url=\"https:\/\/www.lemonde.fr\/economie\/article\/2023\/08\/08\/altice-france-minimise-l-impact-de-l-affaire-de-corruption-sur-son-activite_6184836_3234.html\"\n                data-status=\"\"><br \/>\n                <span class=\"icon__favorites\"\/><br \/>\n                <span class=\"js-btn-icon-tooltip\" aria-hidden=\"true\">Read later<\/span><br \/>\n            <\/button>\n        <\/p>\n<\/section>\n<section class=\"author\">\n<p class=\"author__detail\">\n            <span class=\"author__name\">The world with AFP<\/span>\n        <\/p>\n<\/section>\n<section class=\"article__reactions\">\n        Reuse this content<br \/>\n    <\/section>\n<\/div>\n<p><a href=\"https:\/\/teknomers.com\/en\/category\/general\/\" rel=\"dofollow\">Breaking News General &#8211; 1<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Panel during a press conference in Paris, April 11, 2019. Eric Piermont \/ AFP Altice France Enters Safeguard Procedure The **telecommunications group** Altice France, the parent company of the operator **SFR**, is preparing to enter into an **accelerated safeguard procedure**. This stage has been planned since the restructuring plan for its **debt**, confirmed a source [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":135075,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[5215,35312,23613,541,10841,1309,5595,869,35313],"class_list":["post-135074","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-accelerated","tag-altice","tag-backup","tag-company","tag-entering","tag-france","tag-parent","tag-process","tag-sfrs"],"_links":{"self":[{"href":"https:\/\/teknomers.com\/en\/wp-json\/wp\/v2\/posts\/135074","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/teknomers.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/teknomers.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/teknomers.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/teknomers.com\/en\/wp-json\/wp\/v2\/comments?post=135074"}],"version-history":[{"count":0,"href":"https:\/\/teknomers.com\/en\/wp-json\/wp\/v2\/posts\/135074\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/teknomers.com\/en\/wp-json\/wp\/v2\/media\/135075"}],"wp:attachment":[{"href":"https:\/\/teknomers.com\/en\/wp-json\/wp\/v2\/media?parent=135074"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/teknomers.com\/en\/wp-json\/wp\/v2\/categories?post=135074"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/teknomers.com\/en\/wp-json\/wp\/v2\/tags?post=135074"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}