Drahi Is Said to Shortlist Bidders for €8 Billion XpFibre Sale

Telecom tycoon Patrick Drahi has shortlisted bidders for a controlling stake in French fiber optic company XpFibre, according to people with knowledge of the matter.

Investment firm DigitalBridge Group Inc. and KKR & Co. have been picked to enter the next round of bidding, said the people, who asked not to be identified as the information is private. Brookfield Asset Management Ltd. and Vauban Infrastructure Partners are also proceeding in the process, the people said.

The initial offers from the shortlisted bidders valued the business at around €8 billion ($9.4 billion) including debt, according to one of the people. Drahi ...