Arab Today, arab today vivendi accepts €17bn numericable bid for sfr mobile unit
Last Updated : GMT 09:21:15
Arab Today, arab today
Arab Today, arab today

Vivendi accepts €17bn Numericable bid for SFR mobile unit

Arab Today, arab today

Arab Today, arab today Vivendi accepts €17bn Numericable bid for SFR mobile unit

Paris - AFP

Vivendi said Saturday it had accepted a bid by French cable and fibre-optic network operator Numericable to buy its SFR mobile phone unit over a rivaloffer from French telecoms company Bouyges."The supervisory board has unanimously decided to accept the Altice/Numericablebid," the group said in a statement, saying it was the more likely to favour "growth(and) create value for customers, employees and shareholders".The total value of the deal is more than 17 billion euros ($23.3 billion), the companysaid in a statement."All the experts consulted concluded that the Altice/Numericable offer presents theleast risk in terms of competition. SFR and Numericable are not in the same segments of the market and their activities are complementary," Vivendi said.

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Arab Today, arab today vivendi accepts €17bn numericable bid for sfr mobile unit Arab Today, arab today vivendi accepts €17bn numericable bid for sfr mobile unit

 



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