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Numericable in talks to buy Virgin Mobile France

2014-05-16 09:02:00| Telecompaper Headlines

(Telecompaper) Carphone Warehouse and the other shareholders of Omea Telecom, the holding company of full MVNO Virgin Mobile France, have entered exclusive negotiations for the proposed sale of 100 percent of Omea to cable operator Numericable for EUR 325 million. Carphone owns 46 percent of Omea Telecom, which besides Virgin Mobile France owns smaller MVNOs Breizh Mobile, Tele2 Mobile and Casino Mobile. The remainder of Omea Telecom is held by Virgin group. The statements from Carphone and Numericable did not indicate the length of the exclusive negotiating period, during which they will also consult employee work councils. The transaction is also subject to approval by the French Competition Authority. Numericable said Vivendi will provide EUR 200 million of the financing for the deal, as part of their agreement for Numericable to acquire SFR. 

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Numericable in 325m Virgin Mobile France takeover

2014-05-16 02:00:00| Total Telecom industry news

French cableco furthers mobile push by entering exclusive talks to buy MVNO.

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France gets new takeover veto rights

2014-05-15 11:23:08| BBC News | Business | UK Edition

The French government assumes new powers to block foreign bids for firms deemed "strategic", as two companies vie to buy part of France's Alstom.

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France confident of telco consolidation

2014-05-14 02:00:00| Total Telecom industry news

Economy minister says number of operators will eventually reduce to three despite Vivendi opting for Numericable's SFR offer.

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US beats France for wine drinking

2014-05-13 20:23:59| BBC News | Business | UK Edition

The US overtakes France to become the world's biggest market for wine, according to figures from the International Organisation of Vine and Wine.

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