Brookfield Is Said to Lead Bidding for Drahi’s XpFibre Business

Brookfield Asset Management Ltd. is reportedly leading the bidding for a controlling stake in XpFibre, the French fiber optic company owned by telecom tycoon Patrick Drahi. Sources familiar with the situation indicated that Brookfield has emerged as the frontrunner in the acquisition process. XpFibre, which operates a significant fiber network across France, represents a key asset in the European telecommunications infrastructure landscape. The potential sale comes as Drahi's Altice France is undergoing a strategic review of its assets. Financial terms of the potential deal have not been disclosed, but XpFibre is considered a valuable infrastructure play. Brookfield Asset Management is a global alternative asset manager with substantial investments in infrastructure. The outcome of this bidding process could significantly impact the French broadband market and Altice's future financial strategy.