As the telecom company Free disrupted the mobile landscape in France, employment and investment are at risk in that industry. Vivendi-owned SFR is one of the first to suffer from the ever increasing competition and the union Force Ouvrière announced that SFR is planning 1,500 to 2,000 job cuts. → Read More
Imagine a mobile phone plan, such as the one from Free in France, with unlimited talk, unlimited SMS and MMS messages, tethering and, even more important, unlimited data with a speed reduction after 3 GB. Usually for that plan in the U.S., you would pay more than $100 for limited data with a two-year contract. In France, it costs $25 per month (€19.99, sales tax included) and there is no… → Read More
The European Commission yesterday granted French entertainment and telecommunication services conglomerate Vivendi approval for its acquisition of Vodafone’s 44% stake in SFR, the company announced this morning. The transaction, which is valued at 7.95 billion euros (roughly $11.5 billion), should be completed in the next few days.
Vivendi will then own 100 percent of SFR, a French mobile phone… → Read More
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