Vivendi looking to merge struggling SFR unit with Numericable: report
AFPPARIS--French media and telecom group Vivendi is in talks to merge its embattled mobile and internet unit SFR with cable operator Numericable, news media reported.
October 17, 2012, 12:05 am TWN
According to the Journal du Dimanche on Sunday, Vivendi and Numericable have been in talks for weeks on a deal that would give France a mobile and high-speed internet giant and greatly dilute Vivendi's stake in SFR.
Vivendi has been looking for months to reduce its exposure to the French mobile phone market, a once profitable business thrown in disarray by the arrival of low-cost operator Free in January.