By Leila Abboud PARIS (Reuters) – French conglomerate Bouygues turned up the heat in its battle for control of Vivendis telecom unit SFR on Tuesday by extending its offer to April 25 from April 8 and presenting a 500 million euro ($689 million) break-up fee. Bouygues is seeking to muscle its way back into the […]
PARIS (AP) — France’s Vivendi has decided to start exclusive negotiations with media company Altice over the possible sale of its unit SFR, France’s No. 2 mobile phone operator.
When Vivendis board meets on Friday to choose between two bids for its French telecom unit SFR, seller beware may be more appropriate. Both offers – from conglomerate Bouygues and local cable operator Numericable – leave Vivendi with a significant minority stake in the newly-created operator and continued exposure to the French telecom market, which […]
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