Portuguese regulator slams Altice acquisition of Media Capital

Portuguese media and communications regulator ANACOM has said that Altice’s proposed acquisition of Media Capital would have a significant anti-competitive impact and should not happen in its current form. In a submission to the country’s competition watchdog, the AdC, which is looking into the bid by Altice’s Meo to acquire Media Capital, ANACOM said that […]

Altice files planned SFR buyout with markets regulator

Cable and telecom investor Altice has filed its planned buyout offer for the remaining shares of French subsidiary SFR with the French markets authority, the AMF. Altice has filed a buyout offer to be followed by a squeeze-out, offering €34.50 a share. Following completion, SFR will be delisted form the Euronext Paris exchange, probably early […]

Vivendi stands firm that it does not ‘control’ Telecom Italia

Vivendi has told Italian markets regulator CONSOB that it does not “control” Telecom Italia (TIM). The watchdog had asked the French company to clarify its degree of control over the telco. In a letter delivered to the Italian watchdog via the French Autorité des Marchés Financiers, Vivendi said that “its participation in the telco is […]

SFR shareholder tackles Altice on gun-jumping fine and name change

SFR minority shareholder Charity & Investment Arbitrage (CIMA) has filed a complaint with the Paris Tribunal de Grande Instance over SFR parent company Altice’s attempt to make the French service provider pay the total amount of a fine imposed by country’s competition watchdog. The Autorité de la Concurrence levied the €80 million fine over the […]

Altice suffers fresh regulatory blow as it accepts ‘gun-jumping’ fine

Cable and telecom group Altice and its French subsidiary SFR have been fined €80 million by the French competition watchdog for “gun-jumping” during the acquisition by Altice of SFR and Virgin Mobile France. The Autorité de la Concurrence said that the imposition of the fine represented a first in Europe. The move relates to Altice’s […]

Altice granted Numericable exemption

France’s financial markets regulator, the AMF, has granted Altice an exemption from an obligation to launch a public offering for Numericable associated with its acquisition of a controlling stake in the cable operator. The move opens the way for Altice to acquire the stakes in Numericable held by private equity groups Carlyle and Cinven. The […]