French operator Bouygues Telecom has extended its offer to acquire rival SFR by 17 days in a bid to prevent the company being sold to cable operator Altice.
The Informer has often thought that it would be fun to work in France. He is full of admiration for the two-hour lunch; the 35 hour working week and the Gallic shrug. Well the country has gone one better this week, bringing in rules to protect employees from being disturbed by work email when outside of office hours.
French conglomerate Vivendi has accepted investment vehicle Altice’s offer for its mobile operator subsidiary SFR. Under the terms of the offer SFR will merge with Altice subsidiary and cable operator Numericable and Vivendi will receive €13.5bn for SFR as well as a 20 per cent stake in the new merged entity. The firm estimates the total value of the offer at around €17bn.
French operator Bouygues Telecom is not admitting defeat in its pursuit to acquire rival SFR, having again increased the cash part of its offer to parent group Vivendi. The offer now stands at €13.15bn.
French conglomerate Vivendi has entered into exclusive negotiations with cable company Altice over the sale of mobile operator SFR. The move rebuffs an alternative proposal from rival operator Bouygues Telecom.
French operator Bouygues Telecom has submitted an improved offer to conglomerate Vivendi to take ownership of rival SFR.
French mobile operator Bouygues Telecom has announced that it has entered into exclusive negotiations with rival Free, owned by parent company Iliad, to sell its mobile phone network and portfolio of frequencies for “up to €1.8bn”.
French conglomerate Vivendi was on Thursday fielding two competing bids for France’s second largest mobile operator, SFR. Both Bouygues Telecom and French cable operator Altice submitted merger offers.
French operators Bouyges Telecom and SFR have agreed to roll out a shared network covering 57 per cent of the French population. The operators will create a joint venture to manage the shared base station assets and a RAN share covering 2G, 3G and LTE services in the area covered by the network.
UK network operators were reluctant to invest in providing services within the Channel Tunnel until Eurotunnel, the group that operates the Channel Tunnel transport network, threatened to offer the provision of network coverage exclusively to French operators.
The board of French multimedia group Vivendi has unanimously voted to demerge its mobile operator business SFR, following a formal study launched in September this year.
French operator SFR has teamed up with music streaming service Napster to make a co-branded product available on the operator’s recently launched LTE service.
French operator SFR, a subsidiary of media group Vivendi, said it has become the first operator to introduce commercial LTE services in Paris.
French group Vivendi has revealed plans to demerge its mobile operator subsidiary SFR. The group said SFR would gain greater freedom on strategy and developing partnerships as a result of the demerger.
On September 2, 2013, Vodafone and Verizon announced that they had reached an agreement for Vodafone to sell its 45 per cent stake in Verizon Wireless back to Verizon for $130bn. Ovum believes that the deal is good for both parties, but that the decision to return 65 per cent of the proceeds from the sale back to shareholders is short-sighted. It may make Vodafone CEO Vittorio Colao popular, but we don’t believe that he will have enough left to future proof the business.
Location based services have been on the operator radar for a decade or more and have been the next big thing for most of that time. Still looking for a opportunity to build an ecosystem around the sector, it’s now been suggested that carriers can sell their anonymised user data to thitrd parties. According to research released this week, that model represents an $11bn opportunity by 2016.
Customer data collected by operators presents an intriguing opportunity and some are finding unusual partners to team up with. France’s SFR is one such operator and Mathieu Gras, head of location based services (LBS), explained that the firm has found itself contributing its data to help increase blood donations among its customer base, build Paris’ public transport infrastructure and even fight crime.
French low-cost 3G operator Free has managed to acquire nearly four per cent of the country’s market share in just 80 days.
French operator SFR has appointed Vodafone Europe’s head honcho Michel Combes as its CEO. Combes, currently CEO at Vodafone Europe and director of Vodafone, will join SFR in August and brings with him experience and knowledge of the French telecoms market, having previously served as CEO of French media and telecoms conglomerate TDF and as CFO at France Telecom.
French regulator Arcep has said that it has awarded 4G licences in the 800Mhz band to the incumbent operators Bouygues, Orange and SFR. Fourth applicant Free Mobile, owned by Iliad, was not successful. All four operators were previously awarded 4G licences at 2.6GHz.