Patrick Drahi divests from a Moroccan company

Altice owns a total of 65% of the company’s capital. These shares are being sold to the shareholder managers, who will become the sole owners of the company upon completion of the transaction. The finalization of the sale is expected in the first quarter of 2026, according to information reported by Les Échos. Although the exact amount of the transaction has not been disclosed, the company’s valuation is estimated at around 500 million euros. This operation represents an opportunity for capital gains for Patrick Drahi, as Intelcia’s turnover has been multiplied by ten since its acquisition in 2016, reaching 750 million euros today.

This divestment comes as the call centers were not included in the takeover offer for the SFR operator made by Orange, Bouygues Telecom and Free. Intelcia, which now employs 40,000 people, is present in 19 countries, including France, Spain and Portugal. In France, the company is the third largest player in the customer relations market with 4,000 employees.

While SFR remains one of its main clients, Intelcia has diversified its portfolio by expanding into the healthcare and insurance sectors. This strategy provides the company with resilience in the face of the uncertainties surrounding the future of the telecom operator and its potential split in the event of a takeover by its competitors.