(Challenges) Battle-SFR Bouygues-Free: Numericable still believes

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On the occasion of the presentation of its annual results, the CEO of Numericable proved pugnacious. By allying with Free, Bouygues has not won.

Leaders are Numericable sounded but not beaten.The tension is palpable during the presentation of the results of the company, on Wednesday March 12. After plummeting stock market, the share price of the cable operator reproduces colors. But when one asks CEO Eric Denoyer on plan B, nervousness escalates.

Forbidden to think about the possibility of a failure of the supply of Numericable SFR. The Supervisory Board of Vivendi decide Friday between this case and that of Bouygues Telecom's first customer ... Numericable, which provides its Bbox fiber.

A "perfect match"

Another 48 hours holding, to give and receive blows day and night to hammer outline of this dossier prepared for 18 months. With a punchline: "in every element of our project, there is a perfect complementarity between SFR and Numericable."

First on the network. "SFR has fiber highways in France, since the purchase of New and LDCom says Eric Denoyer. But these networks stop the outskirts of cities and after that there are local roads. Meanwhile, Numericable has departmental and arteries of the city. "

According to him, connecting the two networks, it remains only to fill the last three meters to the housing, and thus easily reach 12 million taken in 2017 and 15 million in 2020. A strong argument for the government to accelerate the fiber plane. Criticized for the potential of cable - a priori less efficient than fiber - CEO Numericable insists that "there is no limit to this technology," in terms of flows.

Much less duplicates with Bouygues

Synergies, Eric Denoyer wants to believe they are different than those of Bouygues Telecom SFR-nature project. "Bringing together two complementary companies would allow us to create value: the synergies of at least one billion euros per year would be positive, and not just cost savings."

It is specifically designed to impact on employment duplicates of two mobile operators: "There has 600 stores in direct competition with each four jobs on average, nearly 2,500 positions throughout France."Numericable has to date very few outlets.

Depressed, you feel a certain resentment for Bouygues Telecom , which could be its natural ally. Client for Bbox fiber, a subsidiary of giant BTP regrets Eric Denoyer, "the best 4G network" - he intends to give Free - and "an image that is not cheap" - despite the recent offer low in the fixed cost announced by Martin Bouygues . Whatever partner today Numericableurgently needs to combine with a mobile operator to develop.

(BFW) *JACOBS GROUP TO SELL JUST OVER 30.2 MILLION ADECCO SHARES

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BN 03/12 16:52 *GS: JACOBS GROUP TO SELL ABOUT 16% IN ADECCO BN 03/12 16:51 *GOLDMAN SACHS TO OFFER ADECCO SHRS TO INSTITUTIONAL INVESTORS BN 03/12 16:50 *JACOBS GROUP TO SELL JUST OVER 30.2 MILLION ADECCO SHARES BN 03/12 16:49 *TRANSACTION OVER ADECCO S.A. REGISTERED SHARES

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*JACOBS GROUP TO SELL JUST OVER 30.2 MILLION ADECCO SHARES 2014-03-12 16:51:05.892 GMT

--JAMES LUDDEN

-0- Mar/12/2014 16:51 GMT

(BFW) U.S. Unlikely to Levy Extensive Sanctions vs Russia: Ulyukaev

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U.S. Unlikely to Levy Extensive Sanctions vs Russia: Ulyukaev 2014-03-12 16:40:31.709 GMT

By Elena Mazneva March 12 (Bloomberg) -- Russian Minister of Economic Development Alexei Ulyukaev says some “individual” sanctions are more likely from U.S.; adds it’s possible to introduce them because Russia, U.S. trade volumes aren’t very large compared to EU-Russia trade. * Ulyukaev comments in interview on state TV * Says it’s too difficult for EU to introduce sanctions against Russia because of trade volumes * Officials “at national level” in each European country are willing to work w/ Russia, unlike officials in Brussels: Ulyukaev * Sanctions from Russia vs EU, U.S. cos. not best way to answer: Ulyukaev * Russia should actively seek to sign export contracts in rubles or contract partners’ currencies, especially Russian oil & gas cos.: Ulyukaev * Russia already has successful experience in local currency transactions w/ China, India, Turkey, Vietnam

For Related News and Information: First Word scrolling panel: FIRST<GO> First Word newswire: NH BFW<GO>

To contact the reporter on this story: Elena Mazneva in Moscow at +7-495-771-7729 or emazneva@bloomberg.net To contact the editors responsible for this story: Will Kennedy at +44-20-7073-3603 or wkennedy3@bloomberg.net Benjamin Dow

>>> Fed's Powell: Economic recovery is uneven and frustratingly slow - More


Fed's Powell: Economic recovery is uneven and frustratingly slow, there are risks to removing monetary policy accomodation too soon or too late - testimony ahead of Senate banking panel hearing
- Today, our economy continues to recover from the effects of the global financial crisis, unevenly and at a frustratingly slow pace. The task for monetary policy will be to provide continued support as long as necessary, and to return policy to a normal stance over time without sparking inflation or financial instability. This will require a careful balancing, as there are risks from removing monetary accommodation too soon as well as too late
- At the heart of these broad reforms is the project of ending the practice of protecting creditors and sometimes equity holders of large global financial institutions in extremis too big to fail. There has been significant progress, but more work is left to do. Realizing this objective
will take time and persistence. I am eager to play a part in that