Casema, the Dutch cable subsidiary of France Télécom, is expected to fetch less than the €750m ($759m) Liberty Media was to pay for it, after the US group pulled out of the deal.

France Télécom has started talks with other potential buyers for Casema, thought to include The Carlyle Group, the private equity firm. Carlyle had put in an offer for Casema in May and is understood to have remained interested.