Bouygues extends offer for SFR

France’s Bouygues has extended its improved offer to acquire Vivendi-owned telco SFR until April 25 and has offered an indemnity payment of €0.5 billion in the event of a deal being blocked as it attempts to persuade the company’s owners not to sign a deal with rival bidder Altice/Numericable. The Bouygues offer had been due […]

Belgacom sells Telindus France to Vivendi for €95 million

Belgian telco Belgacom has agreed to divest 100% of the shares in IT services company Telindus France in a deal with Vivendi worth €95 million. Belgacom is shedding the asset for €95 million on a cash and debt free basis, with the binding agreement reached with Vivendi following exclusive talks between the firms in February. […]

Vivendi treads fine line between Altice and Bouygues

Vivendi president Jean-René Fourtou has given a commitment to Bouygues proprietor Martin Bouygues to study his new offer for telecom group SFR before agreeing to a deal with rival bidder Altice/Numericable, according to French reports. According to Le Figaro, Fourtou told Bouygues earlier this week that Vivendi’s management will examine the new offer with “all […]

Numericable holding firm on existing offer for SFR

Numericable owner Altice has no intention of raising its offer for Vivendi’s SFR following Bouygues’ improved offer for the French telco, according to a report in the Wall Street Journal. Bouygues on Thursday made a new offer of EUR13.15 billion for SFR, an increase of EUR1.85 billion on its previous offer. According to the Journal, […]

Bouygues makes new offer for SFR

French conglomerate Bouygues has upped the stakes in its battle with Numericable and Altice for control of mobile and fixed network operator SFR by tabling a new offer of €13.5 billion for the Vivendi-owned company.  Bouygues’s latest offer tops by €1.4 billion the €11.75 billion offer currently under discussion between Vivendi and Altice. The Altice […]

Numericable outlines plans for SFR

French cable operator Numericable has said it has received financial backing from nine international banks for its planned acquisition of Vivendi-backed SFR.  Numericable’s €11.75 billion offer is to be financed by a capital increase of €3.4billion and €8.35 billion in debt. Numericable and its main shareholder Altice said that their objective is to create a […]

Vivendi chooses Numericable owner Altice for SFR sale

Vivendi’s supervisory board on Friday entered into exclusive negotiations with Altice to sell its SFR telecom unit. Vivendi will now enter into negotiations with Altice, the main shareholder of cable operator Numericable, for three weeks. Vivendi said its board “considers [Altice’s] offer to be the most pertinent for the group’s shareholders and employees, with the […]

Vivendi reportedly leaning towards Numericable for SFR sale

The ad hoc committee set up by Vivendi to weigh the rival offers for telecom unit SFR tabled by Numericable shareholder Altice and  construction-to-telecoms conglomerate Bouygues came out yesterday in favour of a deal with Numericable, according to a report in financial daily Les Echos, without citing sources. According to the paper, the committee’s opinion […]

Bouygues ups cash offer for SFR

French telecoms-to-construction conglomerate Bouygues has upped the cash component of its offer for Vivendi-owned SFR by EUR800 million to EUR11.3 billion, increasing the valuation it places on the company to about EUR15.5 billion. Rival bidder Patrick Drahi, whose Altice vehicle is the controlling shareholder in cable operator Numericable, has offered EUR10.9 billion in cash for […]

Bouygues in deal to sell mobile net to Free to secure SFR

Bouygues Telecom has entered into exclusive talks with Iliad Telecom to sell its mobile telecom frequencies and network to the Free operator for up to €1.8 billion, in a move that is seen as clearing the way for Bouygues’ acquisition of Vivendi-backed SFR.  The sale will only take place if the acquisition of SFR goes […]

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