A PYMNTS Company

France: Winner emerges in sfr bidding saga

By  |  April 7, 2014

After reports traced the back-and-forth predictions of which company would win the bidding for French wireless operator SFR, owned by Vivendi, reports say a winner has emerged.

    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.

    Altice’s Numericable is set to acquire the assets, beating out multiple bid-hikes by rival bidder Bouygues. Reports say the winning bid is valued at more than $23 billion.

    Despite Bouygues’s competitive offers, reports had speculated that Numericable had a better chance of victory as, unlike Bouygues, it operates in the cable industry and not the wireless industry, suggesting the deal would be less susceptible to antitrust scrutiny.

    Numericable will now be in a position to compete with market leader Orange, as well as Bouygues. The company will reportedly offer bundled Internet, cable, wireless and landline telco services.

    Full Content: Bloomberg

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