SFR, Numericable merger back on?

Vivendi has confirmed it has been approached by private equity group Altice over a possible alliance between its SFR telecoms operator and Altice’s Numericable cable unit. In a statement, the French media and telecoms giant confirmed press reports signaling a possible tie-up but said it had not received a formal offer.

French newspaper Les Echos reported that the two groups were discussing a possible merger between Vivendi’s SFR and Altice’s Numericable in a deal that would value SFR at more than €15 billion
.
The deal would see the French media group retain a 32 per cent share of the merged company, and represents an effort by Numericable’s private equity owners to revive merger talks after failing to reach an earlier deal.

Posted by on Feb 24 2014. Filed under Articles, Business, Cable, M&A.

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