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France: Authorities set conditions on SFR/Numericable

By  |  October 27, 2014

French regulators Monday announced their conditional approval for wireless operator SFR to combine with cable provider Numericable in a $23 billion deal.

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    Antitrust authorities have imposed conditions on the transaction, however. According to reports, Numericable will be required to open its cable network to rivals until they have established their own high-speed infrastructure. The cable company will also be forced to divest its copper network infrastructure at one unit and its wireless business at another unit.

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    Numericable-owned Altice won a bidding war to acquire SFR earlier this year from its current owner Vivendi.

    Full content: Bloomberg

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