French cable operator Numericable and owner Altice have submitted a revised series of commitments to the country’s competition regulator as they seek to secure approval for Altice’s acquisition of Vivendi-owned telco SFR, according to local reports.
Altice-Numericable met the regulator yesterday morning. The competition watchdog also heard from different player sin the market, including rival operators’ views of which aspects of the combination presented a competition concerns.
According to French press reports, the competition authority has met with a potential buyer of Outremer Telecom, Numericable’s sister company for Mayotte and Réunion, where the merger would give it a dominant position.
Other areas that pose problems include governance of the combined entity after Vivendi takes a 20% stake in the new firm, the company’s position in the enterprise market, and its position in the very high-speed broadband market.
French newspaper Le Monde, citing a source close to the regulator, said that Numericable had been cooperative and had already improved its proposals.
The competition authority is expected to rule on the acquisition by the end of this month.
ICYMI: Microsoft confirms plans to bring cloud gaming to smart TVs, announces streaming stick… twitter.com/i/web/status/1…
12 June 2021 @ 17:08:00 UTC
Join us June 22 for DTVE's Digital Symposium session "Addressable advertising and the streaming ecosystem" with… twitter.com/i/web/status/1…
12 June 2021 @ 14:00:01 UTC
DTVE: the week in view – Why has Patrick Drahi just invested £2.2 billion in BT? digitaltveurope.com/comment/why-ha… https://t.co/p7MRaUUcWX
12 June 2021 @ 12:04:00 UTC
ICYMI: MultiChoice delivers robust result in face of pandemic digitaltveurope.com/2021/06/11/mul… https://t.co/crgZdxrZCe
11 June 2021 @ 19:30:00 UTC