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Vivendi Network Savings Well Ahead of Estimates: Deutsche Bank 2014-02-03 07:52:38.127 GMT
By Sam Chambers Feb. 3 (Bloomberg) -- Deutsche Bank says it understands Vivendi/Bouygues network sharing deal will save EU300m- EU330m/year, with EU200m-EU220m accruing to Vivendi. * Says post tax, the deal should create well over EU1b in value for Vivendi * UBS says upside from deal largely priced into Vivendi shrs, although deal should still be positive for sentiment * Says deal won’t affect potential of SFR/Numericable merger, although regulator has recently stated its preference for network sharing deals over consolidation * NOTE: Macquarie said SFR-Bouygues may save combined EU2.6b through network sharing deal * NOTE: Vivendi said to be considering selling SFR unit to Numericable. Story * French wireless mkt share here
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To contact the reporter on this story: Sam Chambers in London at +44-20-7673-2021 or schambers7@bloomberg.net
To contact the editor responsible for this story: James Ludden at +44-20-7673-2645 or jludden@bloomberg.net