Bouygues beaten to SFR but interesting competition implications remain

On 10 April, head of antitrust for the EU Joaquin Almunia stated that any review of the successful purchase of Vivendi’s French telecom subsidiary by Numericable will remain with the French Competition Authority.

This is another interesting twist in a long and protracted bidding process involving rival bidders and political involvement in the telecoms sector. It also raises questions about the consistency of the review process of telecoms mergers as well as the commission’s approach to the sector as a whole, which has seen increased activity in recent months that looks set to continue.

The last few weeks has seen a bidding war for Vivendi’s French telecom subsidiary SFR, with Bouygues, the third-largest French mobile provider, losing out to Numericable, a Luxembourg-based cable provider with most activities in France, whose largest shareholder is Altice, the global operation built by French entrepreneur Patrick Drahi…

Click on the link below to read the rest of the Eversheds briefing.

Sign in or Register to continue reading this article

Sign in

Register

It's quick, easy and free!

It takes just 5 minutes to register. Answer a few simple questions and once completed you’ll have instant access.

Register now

Why register to The Lawyer

 

Industry insight

In-depth, expert analysis into the stories behind the headlines from our leading team of journalists.

 

Market intelligence

Identify the major players and business opportunities within a particular region through our series of free, special reports.

 

Email newsletters

Receive your pick of The Lawyer's daily and weekly email newsletters, tailored by practice area, region and job function.

More relevant to you

To continue providing the best analysis, insight and news across the legal market we are collecting some information about who you are, what you do and where you work to improve The Lawyer and make it more relevant to you.

Briefings from Eversheds

View more briefings from Eversheds

Analysis from The Lawyer

View more analysis from The Lawyer

Overview

1 Wood Street
London
EC2V 7WS
UK
http://www.eversheds.com

Turnover (£m): 382
No. of lawyers: 1,218 (UK 200)
Jurisdiction: UK
No. of offices: 57
No. of qualified lawyers: 54 (International 50)

Jobs

View all jobs from this firm