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French watchdog approves Outremer Telecom sale
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French telecom watchdog ARCEP has approved the sale of Numericable-SFR’s Réunion and Mayotte operator Outremer Telecom’s mobile telecoms activities to Madagascar-based Hiridjee Group.
ARCEP has also approved the sale of Outremer’s mobile frequencies to Telco OI, Hiridjee’s local holding group.
The sale of Outremer Telecom’s mobile interests was a condition for approval of the acquisition of SFR by Numericable and Altice in France.
Hiridjee Group-owned Telma is the dominant telecom provider in Madagascar, with 1.5 million subscribers.
2 min read