Tele2 has announced that it has received EU approval for the divestment of its French broadband and fixed telephony business to SFR. The Vivendi-Vodafone mobile operator agreed in October 2006 to buy Tele2’s 300,000 ADSL and 3 million fixed line telephony subscriber business for €300 million.
The purchase of the fixed line business will enable SFR to enter the wired and offer quadruple play services. SFR also owns a 40% stake in the ADSL and fibre-to-the-home (FTTH) broadband operator Neuf-Cegetel. SFR has not acquired Tele2’s French wireless telephony business. Tele2 operates an MVNO service on the network of SFR’s archrival France Telecom’s Orange.