Eiffage: set to buy 70% of Snef Telecom
(CercleFinance.com) - Eiffage has announced that through its subsidiary Eiffage Energie Systèmes, it has reached an agreement to acquire 70% of Snef Telecom, a subsidiary of Snef and a leading national player in the French mobile telecommunications market.
This acquisition will enable Eiffage Energie Systèmes to enter the fast-growing mobile telecommunications market, which is being driven by the development of 5G technologies, the construction and concessions group said.
Snef Telecom's sales reached nearly 200 million euros in 2021, with it having around 1,000 employees throughout France. The acquisition is expected to be completed in the second half of 2022, subject to customary conditions.
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This acquisition will enable Eiffage Energie Systèmes to enter the fast-growing mobile telecommunications market, which is being driven by the development of 5G technologies, the construction and concessions group said.
Snef Telecom's sales reached nearly 200 million euros in 2021, with it having around 1,000 employees throughout France. The acquisition is expected to be completed in the second half of 2022, subject to customary conditions.
Copyright (c) 2022 CercleFinance.com. All rights reserved.