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Carphone agrees to sell Virgin Mobile France for EUR 325 mln

2014-06-30 09:10:00| Telecompaper Headlines

(Telecompaper) Carphone Warehouse and the other shareholders of French mobile group Omer Telecom have agreed to sell Omer Telecom to French cable operator Numericable for an enterprise value of EUR 325 million. Omer Telecom comprises MVNOs Virgin Mobile France, Breizh Mobile, Tele2 Mobile and Casino Mobile. It is 46 percent owned by Carphone Warehouse and 46 percent owned by Virgin, with the remainder held by management. The parties announced they had entered exclusive talks in the middle of May. The sale is conditional on the approval of the French Competition Authority.

Tags: france mobile sell eur

Category:Telecommunications

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