Bouygues, Altice Make Offers for Vivendi Telecom Unit

Law360, New York (March 6, 2014, 5:35 PM EST) -- French mass media and telecommunications giant Vivendi SA confirmed Thursday it has received two competing offers for its SFR mobile phone and Internet provider unit from Bouygues SA and Altice SA, in what could potentially result in a major rival for France’s other major telecom provider, Orange SA.

Bouygues has offered €10.5 billion (US$14.6 billion) in cash to acquire SFR from Vivendi, a deal Bouygues said values SFR at €14.5 billion. Bouygues, run by Martin Bouygues, said the deal would result in one of the largest...
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