LTI Télécom has been acquired by Groupe Completel-Numericable

Groupe Complétel–Numéricâble has acquired LTI Télécom for US$33 million.

LTI Telecom is the fifth telecom operator for SMEs in France. The company offers landline and mobile telephone services and DSL internet connections.

Complétel operates the leading alternative high speed network in France, covering close to ten million households and providing high definition television, video on demand, very high speed internet and telephony services. Numéricâble is the first operator to have massively deployed its own fiber network in France. This unique fiber network already covers two million households and will be extended to eight million households by 2010. Compléte offers differentiated services to corporate customers using the largest alternative metropolitan fiber access network and the third largest DSL network in France.

Oaklins' team in France advised LTI Télécom's founder, financial investor and managers in this transaction.