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France/UK: Newly-bought SFR plans big time joint venture

 |  April 20, 2014

Following a long-standing bidding war between cable firm Numericable and fellow wireless company Bouygues, SFR has not only found a new owner, but the company has also made a deal with the UK’s Vodafone.

Days after Vivendi-owned SFR decided to be acquired by Numericable for at least $18.65 billion, the French company will reportedly enter into a network sharing agreement with Vodafone. An interview with SFR chief executive Jean-Yves Charlier revealed the company plans “an extended partnership with Vodafone” and will be formally announced “in the coming days.”

According to Charlier, the joint venture includes offering SFR “professional clients access to Vodafone’s network world-wide.”

Full Content: Wall Street Journal

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