Outremer Telecom

Altice acquires more shares in Numericable-SFR

Altice has acquired a further tranche of shares in Numericable-SFR and has completed the sale of its Réunion and Mayotte service provider to Madagascar’s Hiridjee Group. Altice has just short of 1.3 million Numericable-SFR shares for €64.6 million, paying €49.75 a share. Separately, Altice has completed the sale of its Outremer Telecom mobile unit in […]

French watchdog approves Outremer Telecom sale

French telecom watchdog ARCEP has approved the sale of Numericable-SFR’s Réunion and Mayotte operator Outremer Telecom’s mobile telecoms activities to Madagascar-based Hiridjee Group. ARCEP has also approved the sale of Outremer’s mobile frequencies to Telco OI, Hiridjee’s local holding group. The sale of Outremer Telecom’s mobile interests was a condition for approval of the acquisition […]

Madagascar’s Telma to buy SFR-Numericable’s Outremer Telecom

French service provider SFR-Numericable is to sell its Outremer Telecom mobile assets to the owner of Madagascar’s incumbent telco Telma, Hiridjee Group. In a statement, SFR-Numericable majority owner Altice said it had “entered into exclusivity with the Hiridjee Group, controlling shareholder of Telma, the leading telecom operator in Madagascar, for the sale of its mobile […]

Numericable-SFR moves swiftly to placate regulator over Outremer charges

Numericable-SFR has moved swiftly to head off a possible reversal of the French competition regulator’s previous approval of cable operator Numericable’s acquisition of SFR after concerns were raised that the group was seeking to undermine its own subsidiary in two French overseas territories ahead of a forced sale of the unit.  Numericable had been obliged […]

Watchdog raises possibility of rescinding Numericable-SFR green light

France’s competition regulator is looking into a possible breach of conditions set ahead of cable operator Numericable’s acquisition of SFR, opening the possibility that the green light given to the deal could be rescinded. The regulator required the sale by of Outremer Telecom, the main operator in Réunion and Mayotte, because the acquisition of SFR’s […]

Competition watchdog sets sights on Numericable-SFR deal

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 […]