CASE COMMENTS: MERGERS - PHASE II – TELECOMMUNICATIONS MARKETS – REMEDIES

Remedies : The French Competition Authority clears a merger in the telecommunications sector following an in-depth investigation, subject to both structural and behavioural commitments (SFR, Groupe Altice)

*This article is an automatic translation of the original article in French, provided here for your convenience. Read the original article. By decision of 30 October 2014, following an in-depth phase II investigation, the Authority authorised the acquisition by Numericable Group (Numericable), a subsidiary of the Altice Group, of sole control of SFR. Prior to the transaction, SFR was exclusively controlled by the Vivendi group, which held 100% of its capital. After the operation SFR will be exclusively controlled by Numericable, itself exclusively controlled by the Altice Group. However, Vivendi will take a non-controlling minority stake of 20% in the capital of Numericable. The Authority has identified several anti-competitive risks arising from the proposed transaction. These

Access to this article is restricted to subscribers

Already Subscribed? Sign-in

Access to this article is restricted to subscribers.

Read one article for free

Sign-up to read this article for free and discover our services.

 

PDF Version

Authors

  • Herbert Smith Freehills (Paris)
  • Herbert Smith Freehills (Paris)
  • Skadden, Arps, Slate, Meagher & Flom (Brussels)

Quotation

Sergio Sorinas, Marie Louvet, Amaury Sibon, Remedies : The French Competition Authority clears a merger in the telecommunications sector following an in-depth investigation, subject to both structural and behavioural commitments (SFR, Groupe Altice), 30 October 2014, Concurrences N° 1-2015, Art. N° 71347, pp. 146-150

Visites 495

All reviews