Numericable website (FR)
The Numericable Group (formerly Numericable/Completel) consists of Numericable, the French cable operator, and Completel, the B2B infrastructure-based telecommunications operator.
Numericable is the result of a consolidation, initiated by Cinven and Altice, of several French cable operators:
- Numericable, acquired in March 2005
- Altice One, acquired in November 2005
- Noos-UPC, acquired in July 2006
Numericable covers close to 10 million households and all of the largest French urban areas. It offers a full range of analogue and digital pay TV, internet broadband and telephony services.
Completel was acquired in September 2007 as a stand-alone investment. It is the third largest business to business infrastructure-based telecommunications operator in France. It has both a national backbone and a DSL network with 700+ exchanges covering 110 cities in France. It serves nationally both the B2B retail market as well as the B2B wholesale market through both fiber and DSL connections.
The strategy has been successfully implemented with the integration of the acquired businesses and the cross-selling of broadband and telephony products both leading to significant revenues and savings benefit.
In December 2007, the Carlyle Group signed an agreement to become a shareholder in Numericable/Completel, allowing Cinven to return further funds to its investors. In December 2010, Completel acquired Altitude Telecom, a small B2B operator with high network and operational synergies. Numericable sold Coditel, its operations in Belgium and Luxembourg in June 2011.
In April 2014, the Numericable Group announced the acquisition of SFR, the second largest mobile operator in France. The SFR-Numericable group will create a French champion in high-speed broadband and in convergence of fixed and mobile networks.
The Numericable Group announced its successful IPO on the NYSE Euronext Paris on 7 November 2013. The third Cinven fund reduced its shareholding from 37.5% to 18.3%. Cinven subsequently entered into an agreement to sell a further 5% shareholding in Numericable to Altice on 17 November 2013. On 7 April 2014, Cinven entered into a new agreement with Altice to sell for cash another 6.5% shareholding in the Numericable Group and to roll over the remaining 6.8% into Altice.
- 7 April 2014:
Cinven and The Carlyle Group to roll over their existing respective stakes in Numericable Group into Altice S.A.
- 22 November 2013:
Cinven completes successful Numericable Group IPO
- 15 November 2013:
Exercise of the over-allotment option Total initial public offering size increased to approximately €749.1 million
- 7 November 2013:
Success of Numericable Group’s IPO
- 28 October 2013:
Numericable Group launches its initial public offering on the regulated market of NYSE Euronext in Paris
- 19 September 2013:
Numericable Group files its document de base with the French Autorité des marchés financiers (AMF)
- 10 September 2013:
National roll-out of very-high-speed broadband: Numericable, a key player in the French government’s plan
- 29 August 2013:
2013 first-half results
- 21 March 2013:
2012 results: A successful year
- 16 January 2013:
Numericable’s fibre-optic network is the most reliable in the market, according to the French communications regulator, ARCEP