The French Competition Authority clears the takeover of a mobile phone operator subject to structural and behavioural commitments (SFR / Numéricable)

Introduction On 30 October 2014, following an in-depth review, the French Competition Authority (the "FCA") authorised the takeover of the mobile phone operator SFR by Numericable Group, a wholly-owned subsidiary of Altice. Before the transaction, SFR was wholly owned by the Vivendi group; with the transaction, Numericable acquired ownership over the company, while Vivendi received a 20% non-controlling interest in Numericable share capital in exchange. The FCA identified a number of competition risks relating to (i) the retail market for high and very high-speed broadband access for consumers, (ii) the wholesale and retail telecom markets for businesses, (iii) the mobile telephone market in La Réunion and Mayotte, and (iv) the pay-TV market, because of Vivendi's minority

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Authors

  • Herbert Smith Freehills (Paris)
  • Herbert Smith Freehills (Paris)

Quotation

Sergio Sorinas, Marie Louvet, The French Competition Authority clears the takeover of a mobile phone operator subject to structural and behavioural commitments (SFR / Numéricable), 30 October 2014, e-Competitions Bulletin October 2014, Art. N° 74690

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