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Major telecom deal in France: Vivendi agrees to sell SFR to Altice

French media and telecoms company Vivendi has agreed to sell its SFR business.

The deal will see cable provider Altice and its Numericable subsidiary paying €13.5 billion (£11.2 billion) in cash and giving Vivendi a 20% stake in the resulting company.

Author: The Fonecast
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