A PYMNTS Company

France: Virgin Mobile gets buyout clearance

By  |  November 27, 2014

French competition authorities announced their approval for telco Numericable to acquire Virgin Mobile France, reports say.

    Get the Full Story

    Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.

    yesSubscribe to our daily newsletter, PYMNTS Today.

    By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions.

    Numericable first reached an agreement to acquire Virgin Mobile France last June for about $405 million. The assets are currently owned by UK-based Carphone Warehouse and Virgin Group.

    The deal had been given clearance last month but authorities imposed concessions on the deal and said Numericable must sell certain assets and make its cable network available to rivals for rent. Those demands were reiterated by the Competition Authority on Thursday when officials signed off on the deal.

    Full content: Reuters

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