French cable operator Numericable is issuing €4.7 billion in preferential shares to help finance its acquisition of SFR, conditional approval for which was secured this week from the country’s competition authority. The shares will be priced at €17.82, with 15 new shares being issued for each seven existing shares in the company. Each shareholder will […]
France’s competition authority has given the green light, with conditions, to the acquisition of SFR by Numericable to create a high-speed fixed internet and mobile rival to Orange. The competition watchdog is imposing significant obligations on Numericable for an initial five-year period, with the possibility of renewing them for a further five years. One of […]
Numericable posted a third quarter net loss of €94.4 million, compared with a profit of €12.8 million last year as the acquisition costs of larger rival SFR took their toll. However the group said that without the SFR costs it would have generated a net profit of €121.4 million for the first nine months, against […]
The local authorities of France’s important Hauts-de-Seine department to the West of Paris have rescinded an agreement with cable operator Numericable to build a high-speed fibre optic network to serve Hauts-de-Seine residents. The Hauts-de-Seine Conseil Général struck down the deal, worth several hundreds of millions of euros, on Friday. Sequalum, a company 95% owned by […]
Eric Denoyer, the current CEO of French cable operator Numericable, will take over as chief executive of the combined entity after his company’s takeover of larger telecom rival SFR, according to a report in financial daily Les Echos. According to the paper, Patrick Drahi, the majority owner of Numericable through his Altice investment vehicle, will […]
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 […]
Just ahead of his imminent acquisition of French telco SFR, cable operator Numericable’s owner Patrick Drahi has turned his attention to Portugal Telecom as his next major target, according to various reports. Drahi’s investment vehicle Altice is in talks to acquire Portugal Telecom, and may be the only candidate in play, according to a source […]
France’s competition authority is to set out its analysis of cable operator Numericable’s acquisition of larger rival SFR and hear the views of competitors on October 8, ahead of its deadline of ruling on the deal by the end of the month. The regulator is expected to set out remedies relating to a number of […]
French cable operator Numericable is to attempt to counter Netflix’s arrival in the country by launching its own rival service. Numericable deputy CEO Jérôme Yomtov told financial daily Les Echos that a new service is currently being beta-tested and will be launched very soon. According to Les Echos, SérieFlix – Numericable’s codename for the project […]
Video and broadband technologies firm Teleste Corporation has signed a five-year deal with multinational cable and telco firm Altice Group to provide access network equipment. The agreement, which has an estimated value of €20 million, will enable Altice to deliver new broadband services according to DOCSIS 3.1 standard, which supports multigigabit broadband speeds. Teleste claims […]
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