Singapore's sovereign wealth fund GIC has acquired a 25% stake in the Masorange-Zegona fiber joint venture, which covers 12 million premises across Spain. The venture carries €5.4 billion in debt. As part of the deal, Masorange receives €3.2 billion in proceeds to reduce its debt, while Zegona obtains €1.4 billion to enhance its financial flexibility. The transaction values the business between €6 billion and €7 billion. Meanwhile, Masorange and Vodafone will collectively gain €4.6 billion from the fiber joint venture. In France, the debt restructuring plan for Altice France has been approved by the court, granting creditors 45% ownership of the group and paving the way for the potential sale of the telecom operator SFR. This development has attracted interest from major French telecom operators, though disagreements remain on several issues. The possible sale of SFR raises concerns about a reduction to three main operators in the market and potential increases in mobile and internet service prices for consumers. Separately, French construction and concessions companies Vinci and ACS have finalized their acquisition of Cobra, an industrial subsidiary, in a deal valued at €5.3 billion. ACS has received €380 million from Vinci, including €80 million in previous payments, with a remaining €300 million due in cash.