Eiffage, through its subsidiary Eiffage Energie Systemes, has entered into an agreement to acquire 70% of Snef Telecom.

A subsidiary of Snef and a leading national player in the French mobile telecommunications market, Snef Telecom achieved a turnover of nearly EUR200 million in 2021, with around 1,000 employees spread throughout the country.

This acquisition allows Eiffage Energie Systemes to enter the fast-growing mobile telecommunications market, driven by the development of 5G technologies. It complements Eiffage Energie Systemes' offer and expertise for industry and service players.

The acquisition is expected to be completed in the second half of 2022, subject to customary conditions precedent and regulations.

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