Numericable

Numericable in bid for Virgin Mobile as French consolidation gathers pace

Carphone Warehouse, which earlier this week announced plans to merge with UK high street consumer electronics retailer Dixons, has announced that it is in discussions to sell Omer Telecom, the holding company which owns Virgin Mobile France, to French cable player Numericable. In April this year Numericable’s parent Altice struck a deal to acquire French mobile operator SFR, which it intends to merge with Numericable.

Vivendi accepts Altice’s offer for SFR

French conglomerate Vivendi has accepted investment vehicle Altice’s offer for its mobile operator subsidiary SFR. Under the terms of the offer SFR will merge with Altice subsidiary and cable operator Numericable and Vivendi will receive €13.5bn for SFR as well as a 20 per cent stake in the new merged entity. The firm estimates the total value of the offer at around €17bn.

Bouygues ups offer for SFR again

French operator Bouygues Telecom is not admitting defeat in its pursuit to acquire rival SFR, having again increased the cash part of its offer to parent group Vivendi. The offer now stands at €13.15bn.

Vivendi cosies up to Altice for SFR sale

French conglomerate Vivendi has entered into exclusive negotiations with cable company Altice over the sale of mobile operator SFR. The move rebuffs an alternative proposal from rival operator Bouygues Telecom.

Polls

Should privacy be treated as a right to protect stringently, or a commodity for users to trade for benefits?

Loading ... Loading ...