Vivendi picks Numericable for exclusive talks on SFR

By

Move is blow to telecoms firm Bouygues who had also bid for its mobile phone rival, an option also backed by industry minister Arnaud Montebourg.

Reading articles is for subscribers only. Subscribe now.

Vivendi will enter three weeks of exclusive talks with cable group Numericable in an effort to finalise a deal to sell its telecom unit SFR for 11.75 billion euros ($16.4 billion) in cash, plus a stake in the resulting business, reports Reuters.