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Altice offers Vivendi EUR 3.9 bln for remaining 20% in SFR

2015-02-18 09:14:00| Telecompaper Headlines

(Telecompaper) Telecom holding company Altice and its French subsidiary Numericable-SFR have made an offer to buy the 20 percent outstanding stake in Numericable-SFR held by Vivendi for EUR 40 per share. The offer values the 20 percent stake at EUR 3.9 billion and takes the total price paid for SFR to EUR 17 billion. Under the proposal, half of the stake would be bought through a share buyback programme to be approved at a Numericable-SFR general assembly. The other half will be bought by Altice France for approximately EUR 1.95 billion, plus 3.8 percent interest, before 7 April 2016. The payment has already been secured with a bank guarantee. The two stake purchases will close after the general assembly to be held no later than 30 April. Vivendi said its board will consider the offer at its next meeting 27 February.

Tags: in offers eur remaining

Inside Secure chosen by SFR For mobile device content protection

2015-02-12 09:10:52| Digital TV News

INSIDE Secure (Paris: INSD) has announced that French telecom operator SFR has signed a license to use INSIDE Secures downloadable DRM Fusion™ Agent software to protect the delivery of premium content for a new over-the-top subscription VOD service in France.

Tags: content mobile inside protection

SFR launches La Box TV Fibre in France

2014-11-18 17:00:20| Digital TV News

SFR has announced the launch of La Box TV Fibre which combines telephony, high speed fibre broadband, TV from parent company Numericable and other SFR services. The television service offers 200 TV channels, with 30,000 titles of video on demand.

Tags: box france launches fibre