Altice S.A.
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Publicatie datum
16 mei 2014 - 08:00
Statutaire naam
Altice S.A.
Titel
Altice subsidiary, Numericable enters into exclusive negotiations with OMEA Telecom for the purchase of Virgin Mobile
Bericht
May 16, 2014 -Altice SA (Euronext: ATC) announces that following the sale process for the French mobile group, Virgin Mobile, shareholders of the holding company, Omer Telecom Limited, have received a takeover offer from Altice's subsidiary, Numericable Group, for an enterprise value of € 325 million.
The parties have entered into exclusive negotiations, in order to start the consultation of the employee representative bodies concerned and to finalize the acquisition agreements. The transaction is also subject to approval by the French Competition Authority.
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