Altice France S.A. has entered into an exclusivity agreement to partner with Morgan Stanley Infrastructure Partners (MSIP) to establish an independent distributed colocation provider in France through the sale of a 70% stake in UltraEdge.

UltraEdge is an independent distributed colocation provider consisting of a distributed portfolio of 257 data centers located in metropolitan areas across France. UltraEdge enables essential data storage and connectivity services benefiting from an installed capacity of more than 45 MW and 33,000 sqm of owned office space as well as from being interconnected via SFR’s nationwide fiber network. 

The proposed deal assesses UltraEdge at an enterprise value of EUR764 million (US$824 million). This aligns with Altice France's approach to balance sheet management, emphasizing proactive non-core asset portfolio management for inorganic deleveraging. Additionally, the transaction contributes to Altice France's commitment to delivering top-notch telecommunication services amid the ongoing upgrade, expansion, and densification of data center infrastructure. The anticipated closing of the transaction, contingent on regulatory approvals, is slated for the first half of 2024.