Altice reconfirms its offer to combine SFR and Numericable
(Thomson Reuters ONE Via Acquire Media NewsEdge)
Paris - March 11, 2014: As previously announced on March 6th, Altice S.A.
(Euronext: ATC) confirms that, on March 5th 2014, it made a fully financed cash
and share offer to Vivendi for a combination of Vivendi's subsidiary SFR and
Numericable. Pursuant to the offer, this combination would involve a payment to
Vivendi in the form of 10.9 billion euros in cash and Numericable shares
representing 32% of the share capital of new Numericable-SFR group.
Our offer remains valid until Friday March 14th 2014.
We believe that this is the most compelling offer for Vivendi and the French
telecommunications market. An SFR/Numericable combination is the only credible
project to bring fibre and very high speed broadband to the entire country,
delivering credible and realizable advantages for employees, consumers and
suppliers in France.
Richard Williams: +44 (0)7946 348939 / firstname.lastname@example.org
Havas - Charles Fleming: +33 (0)614 450 522 / Charles.email@example.com
We are a multinational cable and telecommunications company with presence in
three regions-Western Europe (comprising France, Belgium, Luxembourg, Portugal
and Switzerland), Israel and the French Overseas Territories (currently
comprising the French Caribbean and the Indian Ocean regions). We provide cable
based services (high quality pay television, fast broadband Internet and fixed
line telephony) and, in certain countries, mobile telephony services to
residential and corporate customers.
This announcement is distributed by GlobeNewswire on behalf of
GlobeNewswire clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Altice SA via GlobeNewswire
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