Vivendi looking to merge struggling SFR unit with Numericable: report
October 17, 2012, 12:05 am TWN
PARIS--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.
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.