French economy minister says “time not right” for consolidation

Emmanuel Macron, France’s economy minister, said the country’s operators should think less about consolidation and more about investment. “In France the sector has reached a point of equilibrium,” he said in an interview with French daily Les Echos. “Time is …

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Orange CEO: Talk of more price cuts is “insane”

Stephane Richard, the CEO of Orange, forecast an end to the price war in France which has taken a toll on the country’s operators and their margins. “In France we have among the lowest prices in the world for both …

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Altice set to buy Numericable-SFR stake from Vivendi

Altice made a bid to acquire the 20 per cent stake in its French business (Numericable-SFR) held by Vivendi for €3.9 billion. Vivendi became a shareholder in the company when Altice acquired SFR, the integrated operator it previously owned. It …

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Altice completes SFR acquisition, gets thumbs up for Virgin buy

French cable group Altice has completed its acquisition of mobile operator SFR from Vivendi for €13.66 billion. Meanwhile ARCEP, the French telecoms regulator has given the go-ahead for Altice to also acquire Virgin Mobile France.

Vivendi closes €17B SFR sale

Vivendi has completed the €17 billion sale of SFR to Numericable, including a cash element of €13.37 billion. A portion of the proceeds is already earmarked for the purchase of French MVNO Virgin Mobile In fact, Vivendi is contributing €200 million …

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Numericable-Virgin deal gets green light from French watchdog

Numericable’s acquisition of Virgin Mobile France has been approved by the country’s competition regulator — providing the cable giant allows rivals to lease capacity on its fixed broadband network so they can devise their own fixed-mobile offerings. Numericable signed a deal …

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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.