Drahi Reaches €20 Billion Deal to Sell French Phone Carrier SFR

Billionaire Patrick Drahi has reached an agreement to sell French mobile carrier SFR to a consortium of rival telecommunications firms, in a deal that values the company €20.4 billion ($23.5...

By Benoit Berthelot, Giulia Morpurgo, Paula Doenecke · Bloomberg Markets

Billionaire Patrick Drahi has reached an agreement to sell French mobile carrier SFR to a consortium of rival telecommunications firms, in a deal that values the company €20.4 billion ($23.5 billion) and will test regulators’ tolerance for consolidation.