Covage

What Covage does

Covage is a French neutral wholesale telecommunications infrastructure operator, headquartered in Courbevoie, founded in 2006 and currently operating as a wholly-owned subsidiary of the Altitude Group (following the 2021 merger with Kosc). The company operates an exclusively B2B-dedicated fiber and mobile network spanning 60,000 km across 13,500 French communes, covering 75% of French businesses (1.6 million eligible) and connecting 150,000 business end customers. Its core technology portfolio comprises Fiber To The Office (FTTO) with BPE premium, BPEA burst-speed, and BPE Datacenter tiers; Fiber To The Home Professional (FTTH Pro) with Essential and Confort shared-fiber tiers; dark fiber (Fibre Optique Noire); and a dual-operator 4G/5G mobile offer leveraging both Orange and SFR networks on a single SIM. The network is built on GPON and XGS-PON technologies with 1,500 unbundled POPs and a 400 Gbps Express backbone, supporting symmetric speeds up to 10 Gbps and 99.90% availability on premium tiers.

Covage generates revenue exclusively through wholesale subscription contracts with 260+ partner operators who resell connectivity to businesses and public-sector customers, supplemented by long-term Delegations of Service Public (DSP) with French local authorities across 12 regional Public Initiative Network subsidiaries. The go-to-market is wholesale-only — Covage has no direct-to-enterprise or direct-to-consumer sales motion — with 20 local branches providing sub-2-hour field intervention capability. Pricing is not publicly disclosed; revenue is recurring and contractually anchored through DSP concessions (multi-decade terms) and operator wholesale subscriptions. Recent strategic emphasis is on expanding the BPE Datacenter offer (40 to ~60 datacenter sites in 2026), integrating XGS-PON, and securing new DSP concessions such as the Oise Connect 3rd-generation public initiative network (January 2026), positioning Covage to capture demand for datacenter interconnection, AI workloads, cloud hybrid architectures, and sovereign French connectivity.

Name

Covage

Legal name

Covage Infra SAS

Website

https://covage.com

Company type

Private

Founded year

2006

Operating status

Operating

Headcount range

251–500 employees

Short description

Covage is a French wholesale B2B fiber and mobile infrastructure operator, exclusively serving 260+ partner operators and local authorities via a 60,000 km dedicated network covering 75% of French businesses across 13,500 communes.

Ownership category

akta.pro rank

Product category

Wholesale Telecommunications Infrastructure

NAICS

Wired and Wireless Telecommunications Carriers (except Satellite) (51711), Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services (518)

SIC

Computer Communications Equipment (3576)

akta.pro primary industry

Carrier Ethernet & Wavelength Wholesale (E-Line/E-LAN, OTN, lambda) (HDAIAEAB)

akta.pro secondary industries

Network Backbone & Core IP Transport (Long-Haul/Metro IP) (HDAIAFAG), Network Interconnection & Data Center Meet-Me Services (MMRs, carrier hotels, interconnect fabrics) (HDAIAEAK), Wholesale Wavelength, Spectrum & Dark Fiber Providers (IRU/Leases) (HDAIALAI)

Keywords

• Wholesale fiber infrastructure
• B2B connectivity operator
• Fiber optic networks
• Dedicated business fibre
• Telecom wholesale services

Headquarters

HQ city

Courbevoie

HQ country

France

HQ region

Europe

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Infrastructure, Operations, Personnel, Technology or R&D, Marketing or Sales

Revenue model

1. Wholesale Network Access: Covage generates revenue by providing wholesale fiber and mobile network access to service operators. Operators pay for access to Covage's infrastructure to serve their end business and public sector customers. Revenue is derived from recurring network access fees, with long-term DSP (Delegation of Service Public) contracts providing stable income streams.

Pricing tiers

Go-to-market motion2 records

Distribution channels2 records

Marketing channels6 records

Core offering

Covage is a wholesale B2B connectivity operator that builds, owns and operates a fibre and mobile network dedicated exclusively to business and public-sector traffic. It sells wholesale network access (FTTO, FTTH Pro, dark fibre and 4G/5G MVNO) to more than 260 service operators and to French local authorities through Public Service Delegations, who then deliver connectivity services to businesses and public sites. The network spans 60,000 km of fibre across 13,500 communes and serves 150,000 connected business end customers.

Product overview

Covage operates as a wholesale B2B connectivity operator offering a complete portfolio of fibre and mobile solutions exclusively dedicated to the business market. The product portfolio comprises four core connectivity products: (1) Fibre optique mutualisée (FTTH Pro) with Essential and Confort tiers providing shared fibre with professional service levels; (2) Fibre optique dédiée (FTTO) with BPE (premium), BPE Datacenter (datacenter-specific), and BPEA (accessible with Burst speed) tiers delivering guaranteed dedicated connectivity; (3) Fibre Optique Noire providing dark fibre for interconnection needs; and (4) Offre Mobile offering 4G/5G via dual-operator SIM. Additionally, Covage operates multiple Réseaux d'Initiative Publique (RIP) through regional subsidiaries managing public fibre networks across France. The portfolio covers 13,500 communes, 75% of French businesses eligible, and serves 260+ partner operators.

Differentiator

Problem solved

Functional benefit

Brands

• FTTH Pro: Shared optical fibre offerings (Essentiel and Confort) for businesses
• FTTO
• BPE
• BPEA
• BPE Datacenter
• SmartFiber

Products and services

• Fibre optique mutualisée (FTTH Pro) Shared fibre infrastructure offering FTTH connectivity exclusively for business customers, providing speeds up to 8 Gbps with professional service levels. Includes Essential and Confort tiers for service operators serving French businesses.
• Fibre optique dédiée (FTTO) Dedicated fibre infrastructure with guaranteed bandwidth and optimal quality, providing a dedicated connection between the client site and optical node (NRO). Includes BPE, BPE Datacenter and BPEA tiers and is sold wholesale to operators serving French businesses.
• Offre BPE Premium dedicated fibre with the highest quality service on the market. Includes MTTR guarantee, performance commitments for latency, jitter and packet loss. Speeds from 5M to 10 Gbps symmetric guaranteed, 99.90% availability rate, with a security link sold at a 50% discount.
• Offre BPE Datacenter Dedicated fibre connectivity solution designed specifically for datacenters. Offers symmetric speeds from 10M to 10 Gb/s guaranteed, with end-to-end dedicated fibre without CPE equipment and an optional Cross-Co managed by Covage.
• Offre BPEA Accessible dedicated fibre with Burst speed capability (first in France, since 2018), allowing temporary exceedance of contracted speed. Speeds of 5M or 20M symmetric with 100M burst, GTR 4 working hours (optional 24/7), 99.85% availability, deployment in 4-12 weeks. Designed for SDSL migration.
• Fibre Optique Noire (FON) Dark fibre - bare installed but non-activated fibre that can be rented or purchased for fully personalised and controlled speeds. Meets datacenter interconnection and critical site connection needs.
• Offre Mobile Full MVNO 4G/5G mobile solution accessible to all operators. Dual-operator network (Orange and SFR) on a single SIM card. Fully customisable: SIM, limits, data with quick installation and API-based SIM activation.
• Réseaux d'Initiative Publique (RIP) Regional Public Initiative Networks operated by Covage subsidiaries (Caen.com, Clermont Communauté Networks, Coval Networks, Grand Lyon THD, Grand Poitiers Networks, Hérault Télécom, Marché de Rungis, Nantes Networks, Sem@for77, Sequantic Telecom, Solstice Grand Angoulême, Sud Bourgogne Networks) under Public Service Delegations with French local authorities.

Quantifiable outcome

• 75% of French businesses eligible for Covage fiber (1.6 million businesses)
• +5 more outcomes

Named customers3 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Partnerships

Five partnerships are on record, tiered core.

• TrinapscoreStrategic or Co-development Partner · 8 April 2026Strategic partnership announced in April 2026 focused on connectivity and sovereignty. Trinaps is a technology partner providing solutions that complement Covage's infrastructure offerings in serving enterprise and public sector connectivity needs.
• InfraNumcoreStrategic or Co-development PartnerAnnual partnership to produce the 'Baromètre Covage x InfraNum' on fiber and digital uses in enterprise. InfraNum is the professional federation representing the digital infrastructure sector. Partnership established since 2019 with annual research published to demonstrate industry trends.
• 260+ Service OperatorscoreChannel Partner/ Reseller/ DistributorService operator partners include national telecoms, regional providers, and specialized connectivity service providers. Partners rely on Covage's wholesale fiber and mobile network to deliver connectivity solutions to businesses and public sites across France. Includes operators such as SEWAN, Inetum, NXO France, LuxNetwork, and many others listed on Covage's website.
• Altitude Infra / Altitude GroupcoreStrategic or Co-development PartnerParent group and strategic partner. Altitude Group acquired Covage in 2021 and completed merger with Kosc in 2022. Shares partnership DNA with local authorities. Altitude Infra operates second-generation Public Initiative Networks (RIP2G) for FTTH deployment, complementing Covage's B2B focus.
• Network Infrastructure Partners (6 networks)coreTechnology or IntegrationCovage collects from 6 infrastructure networks: Altitude Infra, Orange and SFR (ZTD, AMII zones), Orange Concessions, TDF, Axione. This enables addressing all Public Initiative Networks and providing comprehensive coverage across France.

Scale indicators9 records

Recent moves8 records

Expansion highlights5 records

Direct peers

• Colt Technology Services: European B2B-focused fibre and network services provider with dedicated enterprise infrastructure and metropolitan fibre rings across major European cities; highly comparable business model targeting enterprise and wholesale customers with on-demand connectivity.
• euNetworks: European wholesale fibre operator owning and operating fibre networks across Western Europe with focus on data centres, cloud on-ramps, and enterprise bandwidth; comparable in scale and operating model as a wholesale fibre infrastructure specialist.
• Axione: French wholesale fibre infrastructure operator operating Public Initiative Networks for Bouygues and other partners; closest direct comparable to Covage as a wholesale-only fibre infrastructure provider serving operators across French territories.
• Celeste (now Marlink): French B2B fibre and managed connectivity operator serving enterprises and public-sector clients; comparable as a French fibre operator focused exclusively on B2B and public-sector markets with similar customer profiles.
• TDF (TéléDiffusion de France): French telecom infrastructure operator with significant fibre and mobile tower assets; comparable as a wholesale infrastructure provider serving operators, with Covage collecting from TDF's network as one of its six infrastructure partners.

Broad incumbents

• Zayo Group: Large-scale international fibre operator providing wholesale dark fibre, wavelengths, and Ethernet services to carriers and enterprises; comparable in operating model as a long-haul and metro wholesale fibre provider.
• Altitude Infra: Sister entity under Altitude Group focused on second-generation Public Initiative Networks (RIP2G) for FTTH residential and business deployment. Directly comparable as a French public-initiative fibre operator, though more residential-leaning than Covage's B2B-exclusive focus.
• Orange Wholesale (International Network): Wholesale arm of Orange, France's incumbent carrier, offering wholesale fibre, Ethernet, and IP transit services to other operators and enterprises; comparable as a large-scale carrier-services competitor but with vastly broader consumer footprint.
• SFR Wholesale / Altice France Business: Wholesale and enterprise division of SFR, providing fibre, Ethernet, and mobile wholesale services across France; competes with Covage for operator partners and enterprise B2B connectivity contracts.
• Bouygues Telecom Entreprises: Enterprise division of Bouygues Telecom offering fibre, mobile, and managed connectivity to French businesses; competes with Covage's operator partners for enterprise B2B contracts and operates overlapping wholesale infrastructure via Axione.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights7 records

Customer concentration

• Xx.com/covage_news
• YouTubeyoutube.com/user/CovageNetworks
• LinkedInfr.linkedin.com/company/covage

Compliance5 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles7 records

Subsidiaries12 records

Funding overview

Funding rounds1 record

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Covage