Numericable to renegotiate debt

French pay-TV operator Numericable will attempt to renegotiate its debt in order to attract new subscribers.

According to local reports, financial director Julien Elmaleh believes the conditions covering existing debt arrangements are too restrictive. He said financial arrangements with existing banks need to be changed.

Besides attracting new customers, Numericable wants more favourable debt conditions to help fund the deployment of a fibre optic network.