Feeds

France Telecom sees rivals teaming up

SFR to take control of Neuf Cegetel

Security for virtualized datacentres

France's second largest network operator SFR has notified Neuf Cegetel, in which SFR already holds a 40 per cent stake, of its intention to buy up a controlling interest in the company. This will take the form of another 30 per cent, currently owned by the Louis Dreyfus group.

SFR is owned by Vodafone and Vivendi, with the French media and telecoms company having a controlling (56 per cent) interest, so the acquisition will give Vivendi access to Neuf Cegetel's infrastructure. SFR is already using that to provide backbone connectivity and fixed internet services.

The combined company presents a proper, converged challenge to France Telecom's dominance by offering fixed and mobile telephony, as well as internet access.

Neuf Cegetel currently offers mobile services using SFR's infrastructure, so the companies are already working very closely together.

The deal, which is worth around €5bn, will be financed by debt in SFR and a couple of million euros to be raised by Vivendi when market conditions are right.

They will also need regulatory approval, but given the close relationship between the two companies that's unlikely to be problematic. ®

Top 5 reasons to deploy VMware with Tegile

More from The Register

next story
FCC, Google cast eye over millimetre wireless
The smaller the wave, the bigger 5G's chances of success
It's even GRIMMER up North after MEGA SKY BROADBAND OUTAGE
By 'eck! Eccles cake production thrown into jeopardy
Mobile coverage on trains really is pants
You thought it was just *insert your provider here*, but now we have numbers
Don't mess with Texas ('cos it's getting Google Fiber and you're not)
A bit late, but company says 1Gbps Austin network almost ready to compete with AT&T
prev story

Whitepapers

Cloud and hybrid-cloud data protection for VMware
Learn how quick and easy it is to configure backups and perform restores for VMware environments.
A strategic approach to identity relationship management
ForgeRock commissioned Forrester to evaluate companies’ IAM practices and requirements when it comes to customer-facing scenarios versus employee-facing ones.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?
Three 1TB solid state scorchers up for grabs
Big SSDs can be expensive but think big and think free because you could be the lucky winner of one of three 1TB Samsung SSD 840 EVO drives that we’re giving away worth over £300 apiece.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.