Vivendi completes sale of 20% stake in Numericable-SFR

Vivendi has completed the sale of its 20% stake in Numericable-SFR at a price of €40 a share.  The media group received a cash payment of €1.8 billion from Numericable-SFR, net of a €116 million price adjustment related to SFR’s debt at the end of November. Numericable-SFR’s board has said that the the entirety of […]

Exane BNP Paribas downgrades Numericable-SFR on Bouygues concerns

The acquisition of Bouygues Telecom by Numericable-SFR, which is widely expected by investors in France, could be less attractive than anticipated, according to analysts at Exane BNP Paribas. In a note reported in the French press, Exane BNP Paribas has downgraded its rating of Numericable-SFR from neutral to underperform on the basis that an acquisition […]

Altice taps Cisco for DOCSIS 3.1 and CCAP upgrade

Cisco has struck a deal with Altice to provide its DOCSIS 3.1-enabled CCAP cable access platform across its cable properties internationally, with the first rollout scheduled for Numericable-SFR in France.  The upgrading of Numericable-SFR’s network to DOCSIS 3.1 will enable it to offer services of up to 10Gbps across its fibre-to-the-last-amplifier footprint. “This step is […]

Numericable-SFR hit by mobile competition

French cable and telecom giant Numericable-SFR has posted a decline in revenue of 5% and losses of €175 million for the 2014 full year. The combined company posted revenues of €11.43 billion, down from €12 billion for 2013, with the decline in revenues attributed to price competition in the mobile market.  Numericable-SFR also said its […]

Vivendi accepts Numericable-SFR offer, Canal+ boosted by overseas

Vivendi has accepted Numericable-SFR’s €3.9 billion offer to buy out its remaining stake in the company. The agreement took observers by surprise given that its value represents a considerable discount on the current price of Numericable-SFR shares. Vivendi said the sale of its 20% stake in Numericable-SFR to the company and its majority owner Altice  […]

Portugal Telecom shareholders approve sale to Altice

Portugal Telecom’s shareholders have approved the sale of the company’s domestic assets to Altice, the owner of French cable and telecoms giant Numericable-SFR. The approval of the agreement by a 98% majority of shareholders, despite the opposition of some minority shareholders, paves the way for completion of a deal that will see the Luxembourg-based entity […]

Numericable-SFR launches download-to-own store

French operator Numericable-SFR has launched its download-to-own store, VideoStore by Numericable, giving users access to a library of about 120 films at launch. Numericable-SFR has signed deals with five Hollywood studios to secure content for the service. Prices for movies begin at €5.99. Highlights include Luc Besson’s new science-fiction movie Lucy, which is available for […]

Numericable-SFR launches 800Mbps

Numericable-SFR has launched an 800Mbps internet service to about half a million homes in Paris.  Customers connected to the operator’s fibre network in the capital will now be able to download and stream content to multiple devices simultaneously via the La Box Fibre platform. Numericable-SFR is offering a bundle of services including 800Mbps internet from […]

Drahi reportedly in exclusive talks to buy Portugal Telecom

French cable and telecom investor Patrick Drahi has reportedly entered into exclusive talks to buy Portugal Telecom’s domestic assets after tabling at €7.4 billion bid. According to French financial daily Les Echos, Drahi’s Altice investment vehicle has entered into exclusive talks with Brazil’s Oi to buy the Portuguese telco. The paper said that Altice had […]

Numericable-SFR chief reveals number one ambition

The CEO of France’s newly created Numericable-SFR has thrown down the gauntlet to its principal rival Orange by saying that his ambition is to become the country’s leader in high-speed internet and mobile. Interviewed by French daily Le Figaro, Eric Denoyer also said that Numericable-SFR had no need to acquire smaller rival Bouygues Telecom. This […]