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FRANCE - Carlyle Group and Cinven take 70% stake in Numericable and Completel

Francois Rowell
21 December 2007

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The Carlyle Group and Cinven have acquired cable operators Numericable and Completel. The private equity houses have each taken a 35% stake. Cinven portfolio company Altice, a French cable operator, has acquired a 30% stake.

Numericable operates a high speed network in France providing TV Phone and broadband services for about 10 million households. Numericable is the first operator to have deployed its fiber network in France on a large scale. Completel is the third largest DSL network in France.

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