Numericable's Outremer Telecom attracts interest from Iliad/Free and Canal Plus; Lazard advising
Outremer Telecom, the French mobile phone operator for the French islands of La Reunion and Mayotte, has attracted interest from several potential buyers, French daily Le Figaro reported. The French competition authority, Autorité de la Concurrence, has approved with conditions the acquisition by cable and telecoms operator Numericable of SFR from Vivendi. Among those conditions, Numericable has been asked to divest Outremer Telecom to allay competition concerns in French overseas territories.
The unsourced report claimed that listed French telecoms group Iliad/Free and Mediaserv, a subsidiary of listed French pay TV group Canal Plus, have expressed their interest in the business. The report added that the Competition Authority is believed to view listed French telco Orange, also a potential candidate for the acquisition, as not a good buyer for Outremer Telecom.
According to the report, Numericable has appointed Lazard to handle the sale process.
Source Le Figaro