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Altice, Numericable plan 10-bn bond sale to fund SFR buy

French telecom operator Numericable and its parent company Altice said Monday they are planning to issue more than 10 billion euros ($13.8 billion) of bonds to fund their acquisition of SFR. Numericable Group, which is buying the mobile phone operator from Vivendi in a deal worth more than 17 billion euros, will issue 6.04 billion euros or equivalent in another currency of senior high yield bonds, said a company statement. Luxembourg-based Altice will also issue 4.15 billion euros or equivalent of bonds.

Shares in Numericable jump after win in turf war for SFR

Shares in French telecom operator Numericable leapt in initial trading on Monday after the company's victory in buying mobile phone firm SFR, but shares in rival companies Bouygues and Iliad fell. Numericable stock jumped 16.81 percent to 30.88 euros. Shares in Bouygues, the unsuccessful bidder to buy SFR from media giant Vivendi, fell by 5.33 percent to 29.19 euros. And the price of stock in Iliad, which controls cut-price operator Free, fell by 6.69 percent to 196 euros. The overall French market as measured by the CAC 40 index was down 0.83 percent.

Vivendi accepts Numericable bid for SFR mobile phone unit

Vivendi on Saturday accepted a bid by French cable and fibre-optic network operator Numericable worth 17 billion euros to buy its SFR mobile phone unit, rejecting a rival offer from telecoms group Bouyges. "The supervisory board has unanimously decided to accept the Altice/Numericable bid," Vivendi said in a statement, saying it was the more likely to favour "growth (and) create value for customers, employees and shareholders". The total value of the deal is more than 17 billion euros ($23.3 billion), the company said.

Vivendi will sell SFR to Altice in deal that could top $23B as contest with Bouygues ends

NEW YORK, N.Y. - Vivendi said Saturday it will sell SFR, the No. 2 mobile phone operator in France, to media company Altice in a deal that could eventually be worth more than $23 billion. Altice owns the French cable operator Numericable. Vivendi wants to focus on its other businesses, Universal Music Group and Canal+ pay television. The sale comes as the European telecommunications industry tries to consolidate: There are about 150 major operators in Europe compared with four in the U.S.

Vivendi accepts Numericable bid for SFR mobile phone unit

Vivendi on Saturday accepted a bid by French cable and fibre-optic network operator Numericable worth 17 billion euros to buy its SFR mobile phone unit, rejecting a rival offer from telecoms group Bouyges. "The supervisory board has unanimously decided to accept the Altice/Numericable bid," Vivendi said in a statement, saying it was the more likely to favour "growth (and) create value for customers, employees and shareholders". The total value of the deal is more than 17 billion euros ($23.3 billion), the company said.

Vivendi accepts Numericable bid for mobile unit

Vivendi said Saturday it had accepted a bid by French cable and fibre-optic network operator Numericable to buy its SFR mobile phone unit over a rival offer from French telecoms company Bouyges. "The supervisory board has unanimously decided to accept the Altice/Numericable bid," the group said in a statement, saying it was the more likely to favour "growth (and) create value for customers, employees and shareholders". The total value of the deal is more than 17 billion euros ($23.3 billion), the company said in a statement.

Vivendi accepts Numericable bid for mobile unit

Vivendi said Saturday it had accepted a bid by French cable and fibre-optic network operator Numericable to buy its SFR mobile phone unit over a rival offer from French telecoms company Bouyges. "The supervisory council has unanimously decided to accept the Altice/Numericable bid," the group said in a statement, saying it was the more likely to favour "growth (and) create value for customers, employees and shareholders". abx/cc/gd

Vivendi to take weekend to study dueling SFR bids

By Leila Abboud, Gwénaëlle Barzic and Sophie Sassard PARIS/LONDON (Reuters) - France's Vivendi said on Friday that its board needed more time to weigh two bids for its SFR telecom business, leaving business and political circles in suspense over a month-long, 15 billion euro takeover battle.

Bouygues boosts mobile bid for SFR, in French turf war

French telecom group Bouygues stepped up its bid to buy mobile phone operator SFR from Vivendi on Friday, launching a new phase in a huge fight over market positions in France. Bouygues, which also has big interests in television and construction, raised its cash offer by 1.85 billion euros to 15.0 billion euros ($20.5 billion). However it lowered the stake Vivendi would get in the entity which would emerge, to 10.0 percent, saying this was worth about 1.0 billion euros.

Clock ticking, Bouygues again raises bid for French mobile operator SFR to $20.6 billion

PARIS - With the clock ticking, French conglomerate Bouygues is again raising its offer in the bidding war for France's number-two mobile phone operator SFR. Bouygues raised its offer by 1.85 billion euros to 15 billion euros ($20.6 billion) ahead of a potential decision Friday from parent company Vivendi on the offer from rival bidder Altice. The latest Bouygues offer — its second increase — would give Vivendi 10 per cent equity in the merged entity. A Bouygues-SFR tie-up would reduce to three the number of players in the French market.
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