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Approval for SFR-Numericable purchase

June 23, 2014 09.43 Europe/London By Julian Clover

SFR shopVivendi, Altice and Numericable have confirmed a definitive agreement in the sale of the SFR mobile network to Numericable.

It follows what the parties are describing as a “very constructive dialogue” with Employee Works Councils.

Vivendi opted for a deal with Altice-Numericable on April 5 having rejected a rival offer from Bouyges.

Under the deal Vivendi, which also owns the Canal Plus Group, will receive €13.5 billion. It will retain a 20% stake in the new combination that will be held for a one-year lock up period.

The deal is still dependent on the approval of the relevant authorities.

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Filed Under: Newsline Tagged With: Altice, Canal Plus Group, Numericable, SFR Edited: June 23, 2014 09:43

About Julian Clover

Julian Clover is a Media and Technology journalist based in Cambridge, UK. He works in online and printed media. Julian is also a voice on local radio. You can talk to Julian on Twitter @julianclover, on Facebook or by email at jclover@broadbandtvnews.com.

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