12:35 PM EDT, 03/25/2026 (MT Newswires) -- (Updates with additional details in the second and third paragraphs and a response to request to comment in the last paragraph.)

KKR (KKR) and BlackRock ( BLK )-owned (BLK) Global Infrastructure Partners are among the companies bidding for a controlling stake in superfast broadband network XpFibre, the Financial Times reported Wednesday, citing people close to the process.

Bidders are eyeing Patrick Drahi's 50.01% controlling interest in the broadband network as Drahi seeks a 9 billion-euro ($10.4 billion) valuation for the French fiber enterprise, according to the report.

The prospective buyers submitted bids valuing the telecommunications asset at an enterprise value between 6 billion euros and 8 billion euros, the news outlet reported.

Global Infrastructure Partners declined an MT Newswires request to comment. KKR didn't immediately reply to a request to comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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