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MarketScreener Homepage  >  Equities  >  Euronext Paris  >  SFR Group    SFR   FR0011594233

SFR GROUP

(SFR)
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Fiber France: a priority for the government and a pledge by Altice-SFR

07/19/2017 | 03:39am EST

Press Release

Saint-Denis, July 12th, 2017

Fiber France: a priority for the government and a pledge by Altice-SFR Altice-SFR announced it will deploy its FTTx network across France, without public subsidies, in line with President Macron's goal to "Fibrer la France" - i.e. give everyone access to the super-high speed fiber-based service. This decision led to the creation of fiber deployment specialist Altice Infrastructures and to Altice-SFR's pledge to cover 80% of the country with fiber by 2022 and 100% by 2025.

Following the inter-ministerial meeting of July 7, where the government asked telcos to make concrete proposals with no holds barred, Altice-SFR sent its proposal yesterday to the Prime Minister and other public authorities. It meets the goals set by the government by suggesting a new, entirely private investment model, without public subsidies.

In practice, the creation of Altice Infrastructures will enable the fiber network's deployment across the country. Works will begin in September 2017 and the first households will receive their FTTx service in the fall. Altice-SFR's proposal solves two issues currently faced by the central and local governments: the delays caused by the complexity and lack of efficiency of the current schemes, and the sharp increase in public spending highlighted by the French general accounting office (Cour des comptes).

This fully-financed subsidiary will roll out the network, which will be open to all other interested operators under the established conditions.

Bringing to bear its international experience with similar deployments in Portugal (100% of the country covered) and in the 21 US states where Altice operates, the company developed a unique approach to cost control and set up - like for the cellular network in France - a real production factory dedicated to end-to-end deployment. Altice also secured its supply of fiber and its deployment capability by absorbing a technical partner, Altice Technical Services.

Altice-SFR had already pledged to finance the rollout of superfast broadband back in 2015 and has invested more than €2 billion every year to deploy fixed and mobile superfast broadband. Already boasting almost 10 million eligible FTTx connections and the most extensive 4G coverage of the French landmass (according to telecom regulator ARCEP), Altice-SFR is stepping up its commitment. The company will make complementary proposals for mobile coverage, beyond its current pledge to cover 90% of the population with 4G in 2017 and 99% by end-2018.

Michel Paulin, SFR's CEO, said: "Faced with a system that has become obsolete, Altice-SFR is taking the initiative to extend its FTTx coverage across the whole of France, without public subsidies. This contribution to the government's plan for superfast broadband is a step change enabled by Altice's technical capabilities and commitment to finance superfast broadband networks in France and in all the countries where we operate. We'll begin to deploy in September, so we can meet the government's target without any additional subsidies."

About SFR Group -www.sfr.com

SFR Group is the second largest telecoms operator in France with a turnover of 11 billion euros in 2016 and prime positions in all market segments, from consumer, to Business to Business (B2B), local authorities, and wholesale. Equipped with the leading fibre optic network (FTTB/FTTH) with more than 9.6 million eligible connections, SFR also provides 3G coverage for more than 99% of the population and 4G/4G+ coverage for 88%. With regard to the Consumer segment, the Group operates under the SFR and RED by SFR brands. In the B2B segment, it operates under the SFR Business brand.

SFR Group is also adopting a new and increasingly integrated model around access and content convergence. Its new SFR Media entity consists of SFR Presse, which gathers all the group's media activities in France (Groupe L'Express, Libération, etc.), and NextRadioTV including the group's audiovisual activities in France (BFM TV, BFM Business, BFM Paris, RMC, RMC Découverte).

Listed on Euronext Paris, SFR Group (SFR) is owned by Altice Group (90.4%). Follow the Group's latest news on Twitter: @SFR_Groupe

Press contact: presse@sfr.com

SFR Group published this content on 12 July 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 19 July 2017 07:38:05 UTC.


© Publicnow 2017
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Managers and Directors
NameTitle
Alain Phillippe Romain Weill Chairman & Chief Executive Officer
Armando José Pereira de Oliveira Rodrigues Chief Operating Officer
Christophe Delaye Executive Director-Networks & Information Systems
Arthur Dreyfuss General Secretary
Eric Pradeau Executive Director-Operators
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