Senior Staff Photographer/Editor, Toronto, Ontario
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Apr 17, 2014

China, Europe recovery boosts Publicis first quarter sales

PARIS (Reuters) – Advertising agency Publicis, which is merging with larger rival Omnicom, achieved 3.3 percent revenue growth on a comparable basis in the first quarter, helped by strong digital sales and an uptick in China and Europe.

Publicis, the first major ad group to post results for the period, said revenue was 1.6 billion euros ($2.21 billion). The average estimate of analysts was 1.62 billion and organic growth of 3 percent, according to company-provided figures.

Apr 17, 2014

China, Europe recovery boosts Publicis Q1 sales

PARIS, April 17 (Reuters) – Advertising agency Publicis
, which is merging with larger rival Omnicom,
achieved 3.3 percent revenue growth on a comparable basis in the
first quarter, helped by strong digital sales and an uptick in
China and Europe.

Publicis, the first major ad group to post results for the
period, said revenue was 1.6 billion euros ($2.21 billion). The
average estimate of analysts was 1.62 billion and organic growth
of 3 percent, according to company-provided figures.

Apr 9, 2014

French government says will pursue telecom market consolidation

PARIS (Reuters) – The French government will continue to pursue consolidation in the country’s telecoms sector after Vivendi’s decision to sell its SFR unit to cable firm Numericable, Economy Minister Arnaud Montebourg said on Wednesday.

The government had openly supported a rival bid from Bouygues, arguing that the number of mobile operators needed to come down to three to end a destructive price war and encourage investment in high-speed broadband. Vivendi finally picked Numericable on Saturday, in a move that keeps the number of operators at four.

Apr 7, 2014

Numericable shares soar after wins battle for Vivendi’s SFR telecoms unit

PARIS, April 7 (Reuters) – Shares in French cable company
Numericable surged on Monday after it won the battle
to buy Vivendi’s telecoms arm SFR, in a deal which
creates the second-biggest player in a reshaped French telecoms
market.

Despite a sweetened, last-ditch offer from rival Bouygues
– the outsider in the race but favoured by the French
government – Vivendi said on Saturday it had picked Numericable
as the better bid in terms of business logic, commitment to
preserving jobs, chances of regulatory approval and long-term
value.

Apr 3, 2014

Lawyers lose appeal against Bouygues-built Paris courthouse

PARIS, April 3 (Reuters) – A French appeals court has upheld
the choice of construction and telecoms conglomerate Bouygues
to build a new judiciary complex in northern Paris,
dismissing a suit by lawyers loath to leave the city centre.

The project, designed by architect Renzo Piano – the man
behind the Pompidou Centre and London’s Shard – features a
160-metre tower in the Batignolles neighbourhood and is expected
to accommodate more than 8,000 people a day.

Mar 20, 2014

Bouygues re-opens French telecoms takeover battle with new SFR offer

PARIS (Reuters) – Conglomerate Bouygues re-opened the battle to buy France’s second biggest telecoms provider SFR on Thursday with a new offer less than a week after owner Vivendi began exclusive talks with rival bidder Numericable.

Bouygues also enlisted the support of the government through the state CDC fund, along with existing Bouygues Telecom shareholder JCDecaux Holding, parent company of listed outdoor advertising firm JCDecaux, and the Pinault family.

Mar 17, 2014

Numericable’s Drahi sees “national champion” via SFR deal

PARIS, March 17 (Reuters) – The billionaire founder of
Numericable believes he can create a French “national
champion” by combining fixed-line and mobile telecoms services
following his cable firm’s purchase of Vivendi’s SFR
unit.

Speaking for the first time since winning a takeover battle
for SFR against Bouygues Telecom, Patrick Drahi said
on Monday the deal was a sign of “convergence” between fixed and
mobile telecoms operators.

Mar 14, 2014

Vivendi picks Numericable for exclusive talks on SFR

PARIS (Reuters) – Vivendi (VIV.PA: Quote, Profile, Research, Stock Buzz) will enter three weeks of exclusive talks with cable group Numericable (NUME.PA: Quote, Profile, Research, Stock Buzz) in an effort to finalize a deal to sell its telecom unit SFR for 11.75 billion euros ($16.4 billion) in cash, plus a stake in the resulting business.

The decision is a blow to conglomerate Bouygues (BOUY.PA: Quote, Profile, Research, Stock Buzz), which had also bid for SFR.

Mar 14, 2014

Vivendi ‘prefers’ Numericable in SFR bidding – minister

PARIS, March 14 (Reuters) – Vivendi has decided
“whatever the cost” to pick local cable group Numericable
to buy its French telecoms unit SFR, France’s industry
minister said on Friday just before the seller’s board convened
to decide on competing bids.

Arnaud Montebourg, said he believed Vivendi “preferred” the
Numericable offer over that of conglomerate Bouygues
despite the “numerous problems and questions” that he saw with
that outcome, such as the amount of debt the newly combined
company would have.

Mar 13, 2014

Bouygues, Numericable raise bids in French telco fight

PARIS (Reuters) – French groups Bouygues (BOUY.PA: Quote, Profile, Research, Stock Buzz) and Numericable (NUME.PA: Quote, Profile, Research, Stock Buzz) have both improved the terms of their bids for Vivendi’s (VIV.PA: Quote, Profile, Research, Stock Buzz) telecoms unit SFR, ahead of a decision by the seller on Friday that will reshape the country’s mobile industry.

Construction-to-telecoms conglomerate Bouygues said on Thursday it would raise the cash portion of its bid to 11.3 billion euros ($15.7 billion) from 10.5 billion, while cutting the stake Vivendi would be left with in a combined SFR-Bouygues to 43 percent from 46 percent.

    • About Hyungwon

      "As a photojournalist for more than a quarter of century, Hyungwon Kang has been a witness to history. Kang has worked for Reuters, The Associated Press, Los Angeles Times and TIME Magazine. During his tenure in journalism, Kang has served as a Photographer, Photo Editor, Front Page Photo Editor, Photo Assignment Editor, and as a Manager of Photo Department. Currently, Kang works as Senior Picture Editor at Reuters Pictures North America Desk. Duties include assigning and editing of news, sports and feature coverage of the U.S. and Canada as well as participating in news coverage as needed."
      Hometown:
      Annandale, Virginia
      Joined Reuters:
      2001
      Languages:
      English, Korean, Spanish, Mandarin Chinese
      Awards:
      Pulitzer, 1993
      Pulitzer, 1999
    • More from Hyungwon

      Publications:
      "From the Streets to the Olympics, (Korea, Democracy and the 24th Olympiad, 1987-88)
      Art Space publications, 1989"
    • Contact Hyungwon

      Phone:
      1-703-906-7587
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