Altice Europe to buy telecoms fibre company Covage for $1.1 billion

PARIS (Reuters) - Debt-ridden telecoms and cable company Altice Europe said it would acquire French fibre wholesale operator Covage for about 1 billion euros ($1.1 billion), expanding the range of its fibre network business.Telecoms infrastructure has been a focus for takeover activity this year as countries invest in new networks. In one of the latest deals, private equity firm KKR bought Britain's fibre telecoms firm Hyperoptic in October.Altice Europe said its deal, expected to close in the..