Drahi’s French Fiber Sale Said to Stall Over Valuation Concerns

Telecom tycoon Patrick Drahi’s planned sale of a controlling stake in his French fiber optic company XpFibre is stalling due to disagreements over price, people with knowledge of the matter said.

Some potential buyers made offers valuing XpFibre at around €6 billion ($6.5 billion) to €7 billion including debt, according to the people. Drahi, who owns 50.01% of XpFibre through Altice France, has been seeking a valuation of about €8 billion or more, the people said.