PARIS, March 17 Patrick Drahi said he plans to
be chairman of the new company created by combining his cable
group, Numericable, with Vivendi's SFR,
although he has not yet decided on the top executive posts.
Asked about the new company's dividend policy, Drahi said
his holding company Altice did not pay one since it
preferred to invest rather than give out dividends.
"I do not have a dividend policy at this stage" for
Numericable-SFR, he told a news conference on Monday.
Asked if that meant the new company would not pay a
dividend, he said: "We do not commit to paying a dividend."
Drahi added that he had "very little" doubt that the deal
with Vivendi would be finalised.
(Reporting by Leila Abboud; Editing by James Regan)