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May 26, 2015

Altice’s ambitions for U.S. undimmed after Time Warner Cable setback

PARIS (Reuters) – Patrick Drahi, the billionaire owner of deal-hungry European telecoms group Altice (ATCE.AS: Quote, Profile, Research, Stock Buzz), will not let missing out on Time Warner Cable (TWC.N: Quote, Profile, Research, Stock Buzz) dissuade him from further expansion in the United States, people familiar with the situation said.

Taking his first step across the Atlantic last week by agreeing to buy Suddenlink cable group for $9.1 billion [CQUELS.UL], Drahi also held early talks with Time Warner Cable and weighed a bid, sources had told Reuters.

May 20, 2015

Altice enters U.S. cable market with $9.1 bln Suddenlink deal

PARIS/FRANKFURT, May 20 (Reuters) – European telecoms group
Altice has agreed to buy U.S. regional cable company
Suddenlink Communications for $9.1 billion, making a first move
across the Atlantic and setting the stage for further deals
there.

In addition to Suddenlink, the seventh-largest U.S. cable
player, Altice has also approached No.2 provider Time Warner
Cable over a deal, sources said, creating a potential
bidding war with John Malone’s Charter Communications.

May 19, 2015

France’s Altice in talks to buy Suddenlink Communications -sources

May 19 (Reuters) – French telecommunications group Altice SA
is in advanced talks to buy U.S.-based Suddenlink
Communications in a deal that could value the cable operator at
up to $10 billion, including debt, according to two sources
familiar with the matter.

The deal, which could be announced in the coming days, has
not yet been finalised and could still fall apart.

May 19, 2015

EDF to propose buying Areva reactor unit in coming days-CEO

PARIS, May 19 (Reuters) – French utility EDF will
propose buying the nuclear reactor business of fellow
state-controlled group Areva but it is too early to
put a price tag on it, EDF Chief Executive Jean-Bernard Levy
said.

Levy said on that he would present a proposal to Areva
Chairman Philippe Varin in the coming days for EDF to buy
Areva’s reactors business and that EDF would offer a “market
price” for the business.

May 18, 2015

Edenred shares hit by CEO’s surprise resignation

PARIS, May 18 (Reuters) – The surprise resignation of the
man widely credited for turning France’s Edenred into
a world leader in prepaid cards and meal vouchers prompted a
near-3 percent fall in the company’s share price on Monday.

Chairman and Chief Executive Jacques Stern has won plaudits
for his leadership since the company was spun off from hotels
group Accor in 2010 but leaves before completion of
Edenred’s “Invent 2016″ strategy plan.

May 18, 2015

Edenred shares hit by CEO’s surprise resignation

PARIS, May 18 (Reuters) – The surprise resignation of the
man widely credited for turning France’s Edenred into
a world leader in prepaid cards and meal vouchers prompted a
near-3 percent fall in the company’s share price on Monday.

Chairman and Chief Executive Jacques Stern has won plaudits
for his leadership since the company was spun off from hotels
group Accor in 2010 but leaves before completion of
Edenred’s “Invent 2016″ strategy plan.

May 12, 2015

Numericable-SFR raises targets as takes on costs post-merger

PARIS, May 12 (Reuters) – French telecom group
Numericable-SFR raised its medium-term profitability
target and promised to deliver more cost savings than originally
planned from its merger as it posted mixed first-quarter results
on Tuesday.

In its first full quarter of operations since Numericable
bought SFR from Vivendi last November, France’s
second-largest operator continued to lose mobile and broadband
market share because of its emphasis on higher-paying customers
instead of volume.

May 7, 2015

Alcatel-Lucent defends Nokia deal as weathers U.S. slowdown

PARIS (Reuters) – Telecom equipment maker Alcatel-Lucent, which is set to be bought by larger rival Nokia, improved profit margins in the first quarter despite a marked sales slowdown in its biggest market, the United States.

Although it reported a net loss, higher software sales, a weak euro, and strong demand for its Internet routing products – which help telecom operators handle heavy broadband traffic from online video – helped the French firm post a better quarter than Nokia and mobile market leader Ericsson.

May 7, 2015

Alcatel-Lucent resilient, defends Nokia deal

PARIS, May 7 (Reuters) – Telecom equipment maker
Alcatel-Lucent, which is set to be bought by larger
rival Nokia, improved profit margins in the first
quarter despite a marked slowdown in its biggest market, the
United States.

Higher software sales and strong demand for its Internet
routing products, which help telecom operators handle heavy
broadband traffic from online video, helped Alcatel-Lucent post
a better quarter than its soon-to-be buyer Nokia and
mobile market leader Ericsson.

May 5, 2015

Orange in talks with buyers of fiber assets to get Jazztel deal approved

PARIS (Reuters) – Orange (ORAN.PA: Quote, Profile, Research, Stock Buzz) has begun talks with several potential buyers for parts of Jazztel’s (JAZ.MC: Quote, Profile, Research, Stock Buzz) fiber network, which it has agreed to sell to get regulatory approval for the takeover of the Spanish broadband company.

Nicolas Laederich, an executive who handles regulatory affairs and competition issues for the French telecoms group, said the divestment would be paired with a promise to rent out capacity on the company’s fixed network to whoever buys the fiber assets.