Patrick Drahi has reportedly relaunched efforts to sell his 50% stake in German fibre network OXG Glasfaser as the Franco-Israeli telecoms investor looks to reduce a debt pile of more than $50 billion.
According to a report by the Financial Times, Drahi has circulated teaser documents to potential buyers in recent weeks, reviving an earlier attempt to divest the stake. OXG, which Drahi’s Altice group launched in partnership with Vodafone Deutschland in 2023, is valued at around €2 billion based on estimates from New Street Research.
The renewed sale process comes as Drahi explores multiple options to shore up his finances. The FT reported that he is also weighing a potential sale of his €7 billion French fibre network XpFibre and last year rejected a €17 billion bid for French mobile operator SFR.
OXG committed to investing €7 billion to roll out fibre to more than seven million homes in Germany over six years following its launch in March 2023. Progress has so far been slower than planned, with around 500,000 homes reached by the end of 2025, although the rollout is expected to accelerate this year, according to the report.
Infrastructure investors, including Antin Infrastructure Partners, which previously lost out to Drahi when OXG was established, could be interested in a renewed bid, the FT said, citing people familiar with the matter. Any transaction would require the approval of Vodafone, potentially complicating a rapid sale.
