• Subscribe
  • Advertise
    • Media Info
    • Terms & Conditions for Advertisers
    • Mechanical Data

Broadband TV News

Independent. Since 2003

  • Home
  • News Line
    • Central & East Europe
    • People
  • TV
    • On Demand/VOD
    • IPTV
    • Cable
    • Satellite
    • Terrestrial
    • Distribution
  • Business
  • Tech
  • Columns
    • Chris Dziadul
    • Julian Clover
    • Robert Briel
  • Events
    • Events Diary
    • BTN Events
    • Events Coverage
    • Submit the details of your event
  • Features
  • Resources
    • White Papers

Vivendi agrees to Numericable-SFR/Altice sale

March 2, 2015 09.36 Europe/London By Robert Briel

Numericable officeVivendi has accepted the offer of Numericable-SFR and Altice to purchase Vivendi’s 20% interest in the telecommunications operator.

Altice, through its subsidiary Altice France, and Numericable-SFR announced that they have entered into the final agreements with Vivendi regarding the acquisition of the 20% stake Vivendi owns in Numericable-SFR, for a price of €40 per share, following the approval by Vivendi’s supervisory board of their offer dated February 17th, 2015.

Numericable-SFR will acquire half of Vivendi’s stake through a share buyback programme which will be submitted to a vote at the shareholders’ meeting of Numericable-SFR. The remainder of the Vivendi’s stake will be acquired by Altice France at the same time, with a payment to be made no later than April 7, 2016 and subject to an interest of 3.8% per annum.

The payment by Altice France of approximately €1.948 billion plus interest of 3.8% per annum has been secured by a bank guarantee.

The closing of this transaction is expected to occur in the days following the next shareholders’ meeting of Numericable-SFR, which will be held no later than April 30, 2015.

  • Click to share on Facebook (Opens in new window)
  • Click to share on Twitter (Opens in new window)
  • Click to share on LinkedIn (Opens in new window)
  • Click to share on WhatsApp (Opens in new window)

Related

Filed Under: Editor's Choice, Finance, Newsline Tagged With: Altice, France, Numericable-SFR, Vivendi Edited: 11 May 2015 09:14

Avatar photo

About Robert Briel

Arnhem-based Robert covers the Benelux, France, Germany, Austria and Switzerland as well as IPTV, web TV, connected TV and OTT. Email Robert at rbriel@broadbandtvnews.com.

Latest News

  • Bulsatcom to focus on satellite TV
  • Virgin Media O2 brings its 5G services to the London Underground
  • Bosnian media raises international concerns
  • $18bn more revenues for Western European OTT
  • Successful launch for SES-18 and 19

Free Ebook

Whitepaper: Why Wi-Fi 6 is Key for ISP Success

Wi-Fi 6 and Wi-Fi 6E client devices are entering the home in an unprecedented way, surpassing 50% market share since their introduction in 2019 (compared to four years for Wi-Fi 5). … [Download the eBook...]

Q & A

Q&A with Przemyslaw Frasunek, Redge Technologies

Broadband TV News speaks with Przemyslaw Frasunek, the CEO of Redge Technologies, about the CEE region OTT landscape and the most effective video security solutions.

Broadband TV News

  • Subscribe
  • About us
  • Contacts
  • Logos & Pictures
  • Privacy Policy
  • Terms and Conditions

Advertising

  • Media Info
  • Terms & Conditions
  • Mechanical Data
  • Video Services

News

  • Latest
  • Central & East Europe
  • TV
  • Tech
  • Streaming
  • Cable
  • Satellite
  • Terrestrial
  • IPTV
  • Business
  • People

Events

  • Events Diary
  • BTN Events
  • Submit the details of your event
  • Media Meet & Greet

Broadband TV News

PO Box 499
Cambridge
United Kingdom
CB1 0AH
news@broadbandtvnews.com

Connect with Us

 

Copyright © 2023 Broadband TV News LLP · Log in

 

Loading Comments...