By Gwénaëlle Barzic PARIS (Reuters) – The French government will continue to pursue consolidation in the countrys telecoms sector after Vivendis decision to sell its SFR unit to cable firm Numericable, Economy Minister Arnaud Montebourg said on Wednesday. The government had openly supported a rival bid from Bouygues, arguing that the number of mobile operators […]
By Gwénaëlle Barzic PARIS (Reuters) – Conglomerate Bouygues re-opened the battle to buy Frances second biggest telecoms provider SFR on Thursday with a new offer less than a week after owner Vivendi began exclusive talks with rival bidder Numericable. Bouygues also enlisted the support of the government through the state CDC fund, along with existing […]
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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