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France: Numericable secures Virgin Mobile buy

 |  June 30, 2014

Just two months after Numericable emerged victorious after a bidding war to acquire wireless operator SFR, the French cable company has reportedly struck a deal to acquire Virgin Mobile France.

Reports say Carphone Warehouse, which is in the midst of its own takeover process of Dixons, will sell its 46 percent stake in Virgin Mobile France holding company Omer Telecom to Numericable. The $445 million deal remains subject to regulatory approval.

According to reports, Virgin Mobile France is the nation’s largest mobile virtual network operator. The company adds to Numericable’s wireless assets following its successful efforts to acquire SFR from Vivendi, beating out wireless company Bouygues in the process.

Full content: The Telegraph

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