Altice, a French group active in the telecommunications sector, notified the Autorité de la Concurrence on 18 March 2022 of a plan to acquire Coriolis, also active in this sector.
Parties to the transaction
Altice France is a French telecommunications and media group active in the wholesale and retail electronic communications markets, in particular through its subsidiaries SFR and SFR Fibre. It operates networks and markets via a physical distribution network and online sales of paid television, fixed and mobile telephony and broadband Internet access services. Altice also has joint control with La Poste of La Poste Mobile, which markets its offers at certain post offices.
Coriolis is a virtual network telecommunications operator, which means that it does not have its own network infrastructure, but uses that of the major operators, in particular Altice, to market fixed and mobile telecommunication offers to end customers. Coriolis markets its offers mainly through a network of 230 directly owned and affiliate sales outlets under the Coriolis brand.
After careful examination, the Autorité considers that the transaction is not likely to affect competition
The Autorité has cleared the transaction unconditionally, as it is not likely to harm competition.