A PYMNTS Company

France: Authorities set conditions on SFR/Numericable

 |  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.

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.

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

Full content: Bloomberg

Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.