12 March 2018
| James Pearce
Tofane Global has made its second move in international wholesale market in a week after agreeing exclusivity to acquire Altice’s wholesale voice carrier business in France, Portugal and the Dominican Republic.
Altice released a statement saying
Tofane, which is led by former Orange International
Carriers’ CEO Alexandre Pébereau, has
entered into exclusivity to buy its international voice carrier
assets, grouped as Altice International Wholesale (AIW).
The three entities of AIW (SFR Carriers, Meo and Orange
Dominicana) transported 14 billion minutes of international
voice traffic in 2017. The deal, should it be completed, will
see Tofane continue to remain as a strategic partner for
Altice, it said.
Pébereau said:"Altice was seeking an acquirer that
could not only deliver a technically and financially complete
solution quickly, but a company that would be a trusted partner
expert in delivering international communications services.
This is precisely our strategic offer to operators. Royal KPN
N.V. and Altice independently decided to proceed with Tofane
Global as their trusted partner and signed the same
"Once all authorizations are received Tofane Global will
become the third largest provider of voice and mobile data
services in the world."
The announcement comes just days after Tofane Global
agreed a deal to buy iBasis from Dutch telecoms operator
Together Altice International Wholesale and iBasis represent
a turnover of more than €1.2 billion in a full year and
transfer 34 billion minutes per year. However, iBasis has seen
some decline. The US-based business saw sales decline by
30% in Q4 2017 and by 19% to €705 million for the whole of
mergers and acquisitions