Key facts
- Brookfield Asset Management is reportedly the frontrunner to acquire a controlling stake in XpFibre.
- XpFibre is a French fiber optic company.
- XpFibre is owned by telecom tycoon Patrick Drahi.
- Sources familiar with the matter revealed the development.
- The potential acquisition is a significant move in the European telecommunications infrastructure market.
Brookfield Asset Management has emerged as the frontrunner in the race to acquire a controlling stake in XpFibre, the French fiber optic company owned by telecom tycoon Patrick Drahi. This development was revealed by sources familiar with the matter who indicated Brookfield's leading position in the acquisition process. XpFibre is a key player in the French telecommunications infrastructure sector, and its potential change of ownership signifies a notable event in the European market. Patrick Drahi, the current owner, is a prominent figure in the global telecommunications industry, known for his ownership of Altice USA and other telecom assets. The specifics of the deal, including the valuation and terms, have not yet been disclosed, but the indication of a frontrunner suggests that negotiations are progressing. Brookfield Asset Management is a global alternative asset manager with significant investments in infrastructure worldwide, making XpFibre a potentially strategic acquisition for its portfolio. The outcome of this race for control could impact the future development and expansion of fiber optic networks in France.