February 24, 2014 / 9:07 AM / in 4 years

Vivendi, Altice in talks over SFR-Numericable deal -sources

PARIS, Feb 24 (Reuters) - Vivendi and Altice are in discussion over a tie-up between mobile operator SFR and cable firm Numericable, sources close to the talks said on Monday.

The deal would see Vivendi keep a minority stake in the newly merged company, the sources told Reuters.

Les Echos newspaper earlier reported that Numericable was in talks to buy SFR in a deal that would value the unit of Vivendi at more than 15 billion euros ($20.6 billion).

A Vivendi spokesman declined to comment on the details in the report beyond saying that no memorandum of understanding had been signed at this stage.

Reporting by Leila Abboud and Gwenaelle Barzic; Writing by Natalie Huet; Editing by Andrew Callus

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