Vivendi’s Fourtou Says Competition, Cash Favored Altice: Echos

Vivendi SA (VIV) chose to sell its SFR mobile unit to Altice primarily for regulatory reasons, Chief Executive Officer Jean-Rene Fourtou tells Les Echos. *Fourtou says SFR-Bouygues entity wouldn’t have passed regulatory test with 47% of the market *Fourtou says Bouygues’s offer would have posed a risk for up to 6,000 jobs *Fourtou says Altice offers growth potential for both companies with synergies of cable and mobile. The offers doesn’t pose a risk for jobs, he tells Les Echos. *Related story: NSN N3MKFZ6KLVRF <GO>

To contact the reporter on this story: Helene Fouquet in Paris at hfouquet1@bloomberg.net

To contact the editors responsible for this story: James Hertling at jhertling@bloomberg.net David Whitehouse

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